Reported 4 months ago
The CEO of Etihad Airways mentioned plans are advancing for a potential initial public offering (IPO) in a move that would make it the first major Middle Eastern airline to do so. The Abu Dhabi-based carrier seeks to raise additional funds for expansion, and after a previous period of losses and unprofitable ventures, the company's owners are now aiming to improve financial performance and corporate governance. The potential IPO, which could raise up to $1 billion, requires a clear margin expansion strategy, governance transparency, and competitive advantages. This move would not only grant access to capital structures but also motivate employees to achieve better results. Emirates, another state-owned airline, is also contemplating a similar step, yet no immediate plans have been announced.
Source: YAHOO