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Government auditors probe Saudi Arabian Airlines for overspending

6-Jun-2011 1:59 PM

Saudi government auditors are reportedly probing Saudi Arabian Airlines over alleged mismanagement of funds involving overspending of SAR5 billion (USD1.3 billion) (emirates247.com, 05-Jun-2011). The carrier is one of the largest in the Middle East and was set-up in 1945 as a government venture but has plans to go public.