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Dubai transfers ownership of Emirates, Dnata to IDC
- United Arab Emirates: Wednesday, December 31 - 2008 at 08:23
The government of Dubai has transferred ownership of Emirates airline and air travel services firm Dnata to state-owned Investment Corporation of Dubai (ICD), Emirates said yesterday. The airline did not give a reason for the move and it was not immediately clear if the decision might be linked to a move towards privatising the carrier or selling a stake in it. 'The transfer does not affect the management structure nor any of our contracts with employees, suppliers or other third parties,' a spokesman said.
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Jeff Florian, Senior ReporterWednesday, December 31 - 2008 at 08:23 UAE local time (GMT+4)
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