June 8 (Reuters) – Dubai-based Emirates Airline expects to earn more than $1 billion in profit in 2010 and is close to finalizing a deal to sell its stake in Sri Lankan Airlines, according to a media report.
Speaking on the sidelines of a conference in Berlin, the company’s president Tim Clark said the airline’s profits will surpass its 2009 earnings, which were just shy of $1 billion.
“We will exceed it. We are well ahead (of our forecasts) already,” Clark told reporters.
In May, the Dubai government-owned operator said it hoped to earn close to 4.5 billion dirhams ($1.16 billion) this year.
Clark added that the $55 million offer quoted from the Sri Lankan government for its stake is “not far off,” The National reported.
Clark said that Emirates Airline is hoping the Sri Lankan government will sign off on the deal by the end of the week.
(Reporting by Shaheen Pasha; Editing by Thomas Atkins)