We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sun 29 May 2011 04:00 PM

Font Size

- Aa +

Saudi Airlines eyes privatisation by second quarter of 2013

State-owned carrier aims to modernise its fleet and develop its technical infrastructure

Saudi Airlines eyes privatisation by second quarter of 2013
SAUDIA PLANS: Saudi Arabian Airlines is preparing for the privatisation of its core unit

Saudi Arabian Airlines, the state-owned carrier known as Saudia, aims to complete a privatisation plan that has been ongoing since 2006 by the second quarter of 2013, a company executive said.

“We have suffered many delays due to the size of the airlines and the many activities we are involved in, however these delays are natural,” Abdullah Al Ajhar, vice president of public relations, said in response to e-mailed questions, declining to elaborate on the causes.

The airline appointed international consultants to speed up the process, Al Ajhar said, without naming the companies. Privatising the state-owned carrier’s catering, cargo, ground services, aviation academy and maintenance units was initially scheduled for completion last year.

The privatisation of catering and cargo is complete, while the ground services unit is expected to be finished by year-end, he said.

The company is preparing for the privatisation of its core unit by modernising its fleet and developing its technical infrastructure, said Al Ajhar. It is presenting a proposal to the country’s Supreme Economic Council to finish the process, he said.

Arabian Business: why we're going behind a paywall

For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.