Dubai Emirates IPO Poised for Success if Airline Goes Public, Says CEO
Dubai Emirates IPO: Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and CEO of the Emirates Group said that the decision to list IPO of airlines on the market is with the government.
Dubai Emirates IPO: During the Arabian Travel Market taking place in Dubai’s World Trade Centre, the Emirates CEO said that if the airline plans to launch its public offering then “it will be a big success”.
Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and CEO of the Emirates Group said that the decision to list IPO of airlines on the market is with the government.
He said, “It’s the decision of the government when they tell me – we’ll press the button and go public. If we go public, it will be a big success.”
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Sheikh Ahmed also added that the increase in hotel occupancy rates and traffic in the country is a good sign of Dubai’s performance. He added, “We prove to the world that Dubai can always deliver. In Dubai, we always aim and just continue to our direction to achieve our target.”
CEO of Etihad Airways, Antonoaldo Neves said that airlines launching public subscriptions through an IPO listing is not “uncommon.” This came after speculation that Etihad Airways might launch its IPO after a great performance in 2023.
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Antonoaldo Neves told reporters, “Airline is a capital-intensive business.” He also added that the airlines could benefit from getting “access to the capital markets and public markets through an IPO.”
In 2022, Maurice Gravier, chief investment officer of Emirates NBD Group spoke about the IPO market. He added that the government of Dubai was focused on broadening the market with a market maker fund and a Dh1 billion fund to motivate tech companies to list on the local market.
“There are plans to list 10 state controlled entities including Dewa, Salik, Tecom, Empower, Dubai Duty Free, Jumeirah Group and potentially Emirates airlines,” he added.