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Middle East Airlines' listing could be delayed by global financial turmoil

26-Sep-2008

Middle East Airline (MEA) is one of several carriers deferring equity raising plans, due to the global financial crisis. Although Chairman, Mohammad Hout, sees little traffic impact from the crisis for MEA, the market downturn would delay the carrier’s IPO of 25% of total shares on the Beirut Stock Exchange. It had been scheduled for early 2009. MEA is 99%-owned by the Lebanese Central Bank. [382 words]

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