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Saudi Arabian Airlines towards services privatization

Abu Dhabi, Saudi Arabia - Five units will be listed or sold

Flag airline Saudi Arabian Airlines will privatize five of its units: catering, handling, cargo, pilot training and technical maintenance. Some will be listed, others will be managed by private subjects. French Bank Bnp Parobas will support the whole operation, which should end within 18 months. The carrier carried 16 million passengers in 2005, gaining income of USD 173.3m. Its fleet is made up of...

AVIONEWS - World Aeronautical Press Agency - 146151
Rome, Italy, 08/01/2006 17:58
AVIONEWS - World Aeronautical Press Agency

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