sold off by the state, the Privatization Organization announced Saturday.
It said 50 percent plus one share in the air carrier would be put on sale through the stock market. It didn’t say when the sale would take place.
The announcement also didn’t say if the privatized airline would be allowed to set its own ticket prices. Buyers may be wary if the state can still hold prices low.
The announcement also failed to say if the stock would be sold in big blocks that only institutions could afford, or whether small investors would be allowed to buy up individual shares.
Most of the Privatization Organization’s sales have involved multi-million dollar blocks of stock and most of the buyers have been other government agencies, making the “privatization” program something considerably short of true privatization.
