Fly Baghdad plans European flights, IPO

By John Lee.

Fly Baghdad's Chief Executive Ali al-Hamdany has told Reuters that the budget airline plans to start flights to Europe and India next year, and is planning a stock market listing in 2020. It will also start flights to Ankara and Beirut in the coming weeks.

It currently operates two Boeing 149-seat 737-700 jets and one 50-seat Bombardier CRJ200 to Erbil and Sulaimaniya, and internationally to Istanbul and Amman.

The airline, launched in 2015, is owned by Iraqi investors.

According to Reuters, it aims to become profitable next year after it adds flights to Frankfurt in Germany, Malmo in Sweden, and Delhi in India as part of its proposed network expansion that will also include Dubai.

(Source: Reuters)