Can you imagine EK allowing the public to own parts? That means being accountable. Publishing audited results. It means the control freakery will have to be reduced. It will never happen. They have too much to hide and even more to lose.
EK DOES produce audited accounts, and if you think Public Ownership reduces "Control Feakiness" you've never worked for a listed company.
You think Emirates thinks of nothing but profit now? Wait till you're working for shareholders!!