INDIA & MIDDLE EAST: Qatar Airways eyes 2011 IPO

Qatar Airways, with its stated aim of becoming one of the world’s top air cargo carriers, said it could bring forward the date of its initial public offering to as early as this year. “It could be this year. The more market share we gain, the timetable moves forward,” Qatar Airways CEO Akbar Al Baker […]


Qatar Airways, with its stated aim of becoming one of the world’s top air cargo carriers, said it could bring forward the date of its initial public offering to as early as this year. “It could be this year. The more market share we gain, the timetable moves forward,” Qatar Airways CEO Akbar Al Baker said recently. The carrier originally targeted an IPO, possibly via a dual listing in London and Doha, in early 2012 after three straight years of profit. Qatar Airways posted a net profit of US$205 million in 2009/10 and around $230 million in 2010/11, Al Baker said at the opening of a new terminal at Doha airport. The carrier currently operates three Airbus A300-600 freighters and two Boeing 777 freighters with a further three on order. It also plans to convert 15 Airbus A330 passenger aircraft into freighters.