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Saudi Arabian Airlines' privatisation set for 2013

31-May-2011 10:57 AM

Saudi Arabian Airlines VP Public Relations Abdullah al-Ajhar stated the carrier is on target to complete a privatisation by 2Q2013 (Breaking Travel News, 30-May-2011). He added that the airline has appointed international experts and consulting firms to assist in speeding the privatisation process. Privatisation of the 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 Mr al-Ajhar. It is presenting a proposal to the Supreme Economic Council to finish the process, he said.