Mongolia`s State policy on air transportation gives consideration to the privatization of some stakes in the state-backed MIAT, Mongolian Airlines.

According to the state-backed privatization plan, a 49% stake in the carrier will be publicly offered on the stock market later this year.

So now Mongolian Airlines, MIAT is working to have the company evaluated by international organizations. After the evaluation, the company will decide whether or not to make an IPO, selling its 49% stake on the international stock market.

If going ahead, MIAT is planning an IPO on the Hong Kong stock exchange later this year.