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
flydubai to operate some flights from Du...
South Korea Pavilion among top five at E...
Collect souvenirs from the first Emirate...
Featured Sights To See
Vietnam National Museum of Fine Arts

Vietnam National Museum of Fine Arts

Hanoi, Vietnam

Open daily from 8:30am to 5pm the museum the Vietnam National Museum of Fine Arts features Vietnamese art of the 20th century, up to the 1970s. Much of the art is outstanding with entire rooms devoted to the Vietnamese style of lacquer and silk painting, woodblock, and folk art, wile the gift shop has some modern works of well-known artists for sale. Address: 66 Nguyen Thai Hoc, Hanoi ...

Rietburg Museum

Rietburg Museum

Zurich, Switzerland

The Rietburg Museum is located in the middle of a 17 acre park, Rieterpark, in central Zurich.  The park was bought by the city of Zurich in the 1940s.  The collection is housed in the Wesendonck Villa, a mid-nineteenth century mansion built for industrialist Otto Wesendonck.  It was also home to Richard Wagner.  The beautiful Neo-classical villa was designed by Swiss architect...

Greek Folk Art Museum

Greek Folk Art Museum

Athens, Greece

This is a wonderful museum which displays and exhibits Greek dress across the centuries and across various Greek regions, in addition to frescoes, rugs, blankets, embroidered linen, puppets and pottery. Frescoes and murals made by the artist Hatzimichail are also showcased here. These are especially interesting since Greek gods and goddesses and other famous Greek personalities are painted onto th...

Montreal Biodome

Montreal Biodome

Montreal, Canada

The Montreal Biodome was originally built as a velodrome for the 1976 Summer Olympics.  Along with its neighbor, the Olympic Stadium, the Biodome is a striking example of modern architecture.  After the Olympics, the question arose of what to do with the now abandoned building.  In 1988 renovations began and it opened to the public in 1992. The Biodome is essentially an indoor ...