Airline

Saudi Air inks deal with French catering company

March 22- Saudi Airlines has signed a deal with an affiliate of French investment bank Calyon to advise on an initial public offering of its catering company, it was learnt on Sunday.

The airline, one of the Middle East's largest carriers, launched a gradual privatization of its catering, cargo, maintenance, ground services and aviation services units to pave the way for a flotation of a stake in its core transport unit. In October, an airline official indicated that the IPO offering 30 percent of the catering unit would be held around the third quarter of 2010.

In July, a committee of Saudi Arabia's advisory Shura Council recommended an IPO for the airline, instead of selling off its units piecemeal. The airline has already sold to private investors a 49 per cent stake in the catering unit and 30 per cent of its cargo unit.
 

More Airline
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
Jazeera Airways launches flights to Kara...
Emirates expecting over 500,000 arrivals...
Kazakhstan's new tourist attraction - fa...
Featured Sights To See
Den Huong Tuong

Den Huong Tuong

Hanoi, Vietnam

Huong Tuong Temple is a small temple located on Hang Buom or Sail Street. The temple is said to be over a thousand years old, having been founded in the 9th century, and it still stands as one of the grandest temples in Hanoi's Old Quarter. Classified as a Vietnam National Heritage Site in 2000, further restoration and documentation has returned Den Huong Tuong to its original architecture.  ...

The Nobel Peace Center

The Nobel Peace Center

Oslo, Norway

The Nobel Peace Center is one of Oslo’s most modern museums and was completed in 2005. Inside, you will find a history of the award’s namesake, Alfred Nobel, along with profiles of each of the winners of the award. Informative movies and recordings of past ceremonies are also included in the museum. Sometimes, former winners come to give lectures within the museum’s confines. The museum is located...

Al Khamis Mosque and Beit Al Qur’an Museum

Al Khamis Mosque and Beit Al Qur’an Museum

Bahrain, Bahrain

Dating back to 692 A.D, Al-Khamis is the oldest mosque in Bahrain. However this is disputed and a date pertaining to the 11th century is more probable. The elegant identical minarets were made in the 15th century and are mystifying and peaceful. It is no longer in use and is open to public viewing.The Beit Al Qur’an, or House of the Quran, houses a collection of the Qurans and antique manuscripts ...

The Patriarch's Palace

The Patriarch's Palace

Moscow, Russia

The Patriarch's Palace and the Cathedral of the Twelve Apostles is a museum which showcases Russian Art in the 17th century.  ...