Emirates plans to keep a strong hold on Dnata

The Emirates Group has ruled out raffling off one of its key assets - Dnata.
"We have no intention of selling Dnata," His Highness Sheikh Ahmed bin Saeed Al-Maktoum, chairman and chief executive, Emirates Airline and Group told ATN during the Emirates annual financial results press conference last month.
"We are trying to make Dnata much bigger and more international," he added.

Dnata made a strong contribution to the Emirates Group 2006-2007 performance figures, which saw a 23.5% profit hike to hit a record AED 3.5 billion (US $942 million). The company witnessed an 11% profit boost to AED 360 million ($98 million) compared to last year's AED 324 million ($88 million). This was based on revenue growth of 16.5% to AED 2.1 billion ($565), compared to AED 1.8 billion ($484 million) for 2005-2006. Drilling down to Dnata's corporate and travel retail arm, Dnata Agencies, this division reported a 37% increase in turnover, said an Emirates Group statement. This follows the news that Dnata Agencies plans to roll out its entire portfolio across the region and beyond into the CIS and Asia. The company's senior vice president, Iain Andrew revealed his strategy was to take Dnata Agencies' vast portfolio to Qatar and Bahrain and "further into Abu Dhabi" by the end of the summer, and then look to a second tier of countries in 2008. Source