Dubai's Emirates airline - due to launch its second daily service from Birmingham on June 1 and already hinting at the possibility of a third flight - is considering an initial public offering to help its rapid expansion.
But the government of fast growing Dubai has yet to make a decision, the company's chairman said yesterday.
"We have one new aircraft coming every month for the next five to six years and that takes a lot of financing," said Sheikh Ahmed bin Saeed al-Maktoum, chairman of state-owned Emirates Group.
"Whether we do an IPO is a decision for the government of Dubai. We are always thinking about it, but we haven't taken a firm decision.
"It's something we have looked at, but I am waiting for the owner to make any final decision," Sheikh Ahmed added.
Meanwhile, Tim Clark, Emirates' president, has strongly hinted the carrier would be interested in launching a third service from Birmingham International - but warned that the airport would first need to improve its terminal facilities.
Mr Clark, who lives in Barnt Green, has already hammered home his message to executives at BIA, telling them that in addition to a longer runway, Emirates would like to to see terminal facilities capable of handling aircraft able to carry more than 400 passengers.
Currently the airline operates Boeing 777-200 airliners out of Birmingham. But if the demand is there, Mr Clark said it could consider flying the larger Boeing 777-300 Extended Range version of the airliner, able to carry 423 passengers in a business/economy configuration.
"We hope that the airport will be developed and would like to see a longer runway - but I can certainly understand the sensitivities surrounding that," he said.
However, he believes Birmingham Airport's terminal facilities are now "creaking at at the seams" with departure lounges designed to house just 100 people - far too small for today's requirements.
"We really do need to see something bigger," added Mr Clark.
"Because I can see a third daily service out of Birmingham and I think others could well do the same. If it is a potent argument for us, it will be potent for other people."
If it is able to expand, BIA could take advantage of "enormous opportunities" at the expense of Heathrow, he said.
"Passengers from Plymouth, Exeter and South Wales say it is much easier to fly from Birmingham.
"And it is fact that Taunton to Birmingham is 20 minutes less than to Heathrow," he said.
Emirates last week reported a 48.7 per cent rise in net profits to £335.2 million for the year to the end of March, while total revenue increased 36 per cent to £3 billion.
It is owned by the government of Dubai, a regional tourism and trade hub which is part of the oil-rich United Arab Emirates, and is taking 45 of the new Airbus A380 superjumbo aircraft.