23-Aug-2010 6:08 PM
Sama to cease operations; airline unable to obtain Saudi government or investor support
Analysis
Sama CEO, Bruce Ashby, on 22-Aug-2010, confirmed the Saudi Arabian LCC would suspend operations from 24-Aug-2010 until further notice, as the company failed to receive government support and efforts to find strategic investors to invest in the company were unsuccessful. The carrier has informed the General Authority of Civil Aviation of its plans.
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