Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi Arabian Airlines To Privatize Sectors  Join our daily free Newsletter

MENAFN - Qatar News Agency - 02/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Efforts are underway to privatize four major sectors of Saudi Arabian Airlines (Saudia) this year, including Prince Sultan Aviation Academy and Saudia Private Airline.



"Saudia" Vice President For Public Relations Abdullah Al-Ajhar said two other units earmarked for privatization in 2014 include medical services, which include a 400-bed hospital, and Saudi Airlines Real Estate Development Compan



"Saudia" has already privatized five units including catering, cargo, ground services and Saudia Aerospace Engineering Industries. "This year will witness the privatization of about 70 to 80 percent of our strategic units



He said the privatization efforts have enabled the organization to increase its revenue



The profits of ground services reached SR600 million while the Catering Company makes a profit of SR400 to SR600 million. Saudia cargo makes similar profit



Speaking to the English daily "Arab News" Thursday, Al-Ajhar disclosed Saudia's plan to purchase 35 new aircraft to beef up services in the domestic secto



The airline aims to transport 22 million passengers between Saudi cities by 202



"We are still in the planning stag



We have yet to determine the model and size of the new aircraft," he sai



He said Saudia would receive the remaining 20 aircraft of a previous 90-plane order within two year



"These aircraft will have three classes and their business class will have sleeper beds." Al-Ajhar called 2013 a year of outstanding achievements for the company. "We have transported a record 25 million passengers in 2013 and expect to carry more than 26 million in 2014. The addition of 70 Airbus and Boeing aircraft to the fleet is another major achievement," he said. He highlighted Saudia's efforts to improve services by upgrading its IT infrastructure and expanding self-service systems. "There has been a 300 percent increase in the number of website users while our electronic sales have grown to SR2.7 billion".

 


Qatar News Agency




  MENA News Headlines
 Sep 21 2014 - Kuwait Bourse Indices Close in GreenQatar News Agency
(MENAFN - QNA) Main indices of the Kuwaiti bourse were in the green zone upon closing on Sunday with the weighted, the price, and the KSX 15 indices up by 1.67, 13.85, and 4.72 points ...

 Sep 21 2014 - Elaraby Discuss Support of Palestinian Rights with Australian FMQatar News Agency
(MENAFN - QNA) Arab League Secretary-General Dr. Nabil Elaraby discussed with Australian Foreign Minister Julie Bishop on the sidelines of the 69th session of the United Nations General Assembly. ...

 Sep 21 2014 - Dr Al-Awadhi outlines Alzheimer's symptoms advises 'special care'Arab Times
(MENAFN - Arab Times) KUWAIT CITY Sept 20 (KUNA): Kuwait along with other nations of the globe mark Sept 21 as 'World's Alzheimer Day' a widelyspread illness suffered by approximately 35 million ...

 Sep 21 2014 - Gold Prices Continue to FallQatar News Agency
(MENAFN - QNA) Gold price continued dropping for the past eight months to reach its lowest at USD 1,214 per ounce amid hike of the US dollar, said an economic report on Sunday. Sabaek Company ...

 Sep 21 2014 - Qatar Confirms Human Rights Promotion is Strategic OptionQatar News Agency
(MENAFN - QNA) The State of Qatar has confirmed that the issue of promoting and protecting human rights is a strategic option for the state and forms the backbone of the comprehensive reform, ...

 Sep 21 2014 - Qatar Confirms Human Rights Promotion is Strategic Option -1-Qatar News Agency
(MENAFN - QNA) HE Assistant Foreign Minister for International Cooperation and Head of Qatar's delegation in front of the Human Rights Council Sheikh Mohammed bin Abdulrahman bin Jassim Al-Thani said ...

 Sep 21 2014 - Industries Qatar Announces Changes to Board of Directors and Executive ManagementQatar News Agency
(MENAFN - QNA) Industries Qatar (IQ) issued a brief statement regarding changes by Qatar Petroleum to IQ's Board of Directors and executive management in line with its authority under IQ's Articles ...

 Sep 21 2014 - HH the Emir Sends Congratulations to Presidents of Malta and ArmeniaQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani sent Sunday a cable of congratulations to President of the Republic of Malta Marie Louise Preca on the occasion of her country's National ...

 Sep 21 2014 - HE Premier Sends Congratulations to Presidents of Malta and ArmeniaQatar News Agency
(MENAFN - QNA) HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani sent Sunday a cable of congratulations to President of the Republic of Malta Marie Louise ...

 Sep 21 2014 - HH the Emir Receives Written Message from Gambia's PresidentQatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani has received a written message from President of the Republic of Gambia Yahya Jammeh pertaining to bilateral relations and issues of common ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help