Air carrier set to float

News hot off the press is that state-owned air carrier Emirates is considering a stock market floatation. This follows the recent IPO announcement from holding company Dubai World, which said it would give up a 20% stake in subsidiary port operator DP World, one of the world's largest container port operators. Emirates spokesman Boutros Boutros says that the decision to go public "rests in the hands of our owners, the government of Dubai."