Emirates Has No Plans To Raise Funds

November 24, 2010

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Dubai airline Emirates does not plan to issue bonds or raise funds, its chairman Sheikh Ahmed bin Saeed al-Maktoum said on Tuesday.

"We don't have any plans (to raise funds)" Sheikh Ahmed told reporters on the sidelines of a financial event.

Asked about the financial outlook of the company, Sheikh Ahmed said: "We have confidence about the next six months."

(Reuters)