Saudi Arabian Airlines News Stories
December 31, 2012
Foreign airlines may need about three to six months to obtain operating licenses letting them enter Saudi Arabia's domestic aviation market, a spokesman for the General Authority for Civil Aviation (GACA) said.
December 28, 2012
Saudi Arabia's General Authority for Civil Aviation has awarded carrier licenses to Gulf Air and Qatar Airways, the Saudi state news agency reported on Friday, the first foreign airlines to win such a license in the kingdom.
December 17, 2012
Saudi Arabia will review fuel prices and give its civil aviation body powers to allow fare increases as it struggles to move towards an open-skies policy, the country's information minister said.
November 28, 2012
Saudi Arabia's General Authority for Civil Aviation (GACA) has postponed awarding a new carrier license until the end of this year as it needs more time to evaluate the bids, it said in a statement on Wednesday.
September 11, 2012
Saudi Ground Services, a unit of national carrier Saudi Arabian Airlines, has hired HSBC to advise it on a planned initial public offering (IPO) of 30 percent of its shares, banking sources said.
July 23, 2012
Qatar Airways, Bahrain Air and Gulf Air are among the firms in pre-qualified consortia bidding for a new airline license in Saudi Arabia, an official from the General Authority for Civil Aviation said.
July 5, 2012
Saudi Airlines Catering will begin trading on the kingdom's stock exchange on July 9, a bourse statement said, after completing a 30 percent initial public offering which was more than twice covered by investors.
June 18, 2012
The catering unit of Saudi Arabian Airlines is seeking to raise SAR1.3 billion riyals (USD$350 million) by floating 30 percent of its shares, the prospectus showed as the initial public offer opened to retail investors on Monday.
May 28, 2012
Saudi Arabia's Capital Market Authority (CMA) has given approval to Saudi Arabian Airlines for an initial public offering of 30 percent of its catering unit, the regulator said in a bourse statement.
April 18, 2012
Turkey's TAV Construction has won a tender worth USD$800 million to design, build and operate an aircraft hangar facility at King Abdul Aziz Airport in Jeddah, the company said in a statement on Wednesday.
November 13, 2011
Rolls-Royce has won an engine order worth up to USD$500 million from Saudi Arabian Airlines, the British company said on Sunday.
November 7, 2011
Saudi King Abdullah ordered the establishment of an independent civil aviation authority and put its head in charge of the board of Saudi Arabian Airlines, a move that could help speed up the sale of the national carrier.