Citing global economy, Qatar Airways suspends IPO plans

Qatar Tribune reports:

In view of the global financial turmoil, Qatar Airways has put its initial public offering (IPO) plan on the back burner for now, Chief Executive Officer Akbar al Baker said on Thursday.

“The IPO is for global investors, and with the current financial uncertainty in Europe, US and other parts of the world, we have decided to put the IPO on hold till we feel the time is right for it,” he told a press conference in Sofia.

In December last year, Qatar’s national airline announced its plan to launch an initial public offering (IPO) in early 2012 following three consecutive years of profit. The airline, according to al Baker, is now profitable on an ‘operating basis’.

(With the prices they charge, I should hope so!)

Read the full story here.

And tell us what you think! Is QA making a wise choice by holding off on its IPO?