Emirates 'set for stock market debut'

The airline is one of 10 state-owned assets being considered for privatisation in a bid to open Dubai to more outside investors, according to Reuters.

Emirates president Sir Tim Clark said he was “waiting instructions” as to how Emirates Group would be affected.

Emirates has received around £3.8 billion in state aid during the pandemic, but Clark told Reuters it was unlikely to need more unless the Omicron variant affected travel.

He added he expected the carrier to break even or make a profit in 2022 was that it was “restoring our cash position at pace”.