Middle East Economic Survey
Air Arabia To Launch IPO After Turning Profitable
Sharjah-based Air Arabia is to launch an IPO once it becomes profitable in two years, according to the companys chief executive, 'Adil Ali. A portion of its shares will be reserved for its employees. The regions first low-cost carrier successfully completed its first year of operations in October. If the current growth rate is sustained in the future, Air Arabia will...
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