New oneworld alliance member Royal Jordanian Airlines is on track to float the majority of its shares by year-end.

Royal Jordanian chief executive Samer Majali says the Jordanian government, which will retain a 26% stake in the airline after privatisation, will decide over the coming months the number of shares to be made available to the private sector. He says "all options are open" and oneworld partners will not be prevented from acquiring stakes, although he says 51% of the shares will go to Jordanian investors.

The carrier also has completed a new fleet plan that includes 12 Boeing 787s, 12 Airbus A320s and seven Embraer 195s. The 787s, eight of which will be leased and four purchased, will replace Airbus A310s and A340s by 2013.

Source: Airline Business