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26 April 2024

Qatar Airways plans IPO in 2012

Akbar al Baker (FILE)

Published
By AP

Qatar Airway's chairman says he has confidence in Boeing's delayed 787 programme, but warns the carrier may need to scrap orders if problems drag on.

CEO Akbar al Baker notes there are no current plans to amend Qatar Airways' orders for 30 787s and options for 30 more.

Al Baker made the comments Saturday as he opened a new arrivals terminal at Doha Airport to accommodate the airline's rapid growth.

He has been one of the most vocal critics of 787 delays.

Test flights on the 787 were halted last month because of an electrical fire. The first delivery, scheduled for early next year, is widely expected to be pushed back.

Al Baker also says Qatar Airways is laying the groundwork to sell shares through an IPO as early as 2012.