Iraq’s FlyBaghdad plans European flights next year, IPO in 2020
Iraqi budget carrier FlyBaghdad aims to start flights to Europe and India next year, expanding its network beyond the Middle East and is planning a stock market listing in 2020, it chief executive said on Wednesday. FlyBaghdad, owned by Iraqi investors, launched in 2015, competing against state-owned Iraqi Airways, one of the Middle East’s oldest […]Iraqi budget carrier FlyBaghdad aims to start flights to Europe and India next year, expanding its network beyond the Middle East and is planning a stock market listing in 2020, it chief executive said on Wednesday.
FlyBaghdad, owned by Iraqi investors, launched in 2015, competing against state-owned Iraqi Airways, one of the Middle East’s oldest airlines, and several other private carriers.
“There is a huge population which are cash rich and are not too many places to visit in Iraq. Everyone is talking about travelling,” Chief Executive Ali al-Hamdany told Reuters at an industry conference in Dubai.
