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MENAFN - 11/07/2012

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(MENAFN) Qatar Airways' Chief Executive, Akbar Al Baker, stated that at the current time and due to current global economic conditions, the carrier has no plans for an initial public offering (IPO), reported The Peninsula.

He also said that the carrier will not invest in other airlines, refuting reports that the Qatari company plans to acquire a 12 percent stake in IAG owned by Spanish lender Bankia.

However, Qatar Air, which forecasts to receive 5 Dreamliners in 2012 and another 5 next year, plans to increase codeshare agreements with other carriers.

It is worth noting that Qatar Airways, which has 10 A380s on order, expects to receive its first Airbus A380 in January 2014.

 






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