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
Kazakhstan's new tourist attraction - fa...
Summer in Turkey...
Taif Season attracts more than 750,000 v...
Featured Sights To See
Humayun's Tomb

Humayun's Tomb

New Delhi, India

Named as a UNESCO world heritage site, Humayun's tomb has great historical significance because it was the first garden-tomb to be built in India. Humayun's tomb was built in 1570, and after its construction inspired the construction of another very famous structure the Taj Mahal.   Moreover, as the burial site of the second Mughal Emperor Humayun, the structure is a great example of Mugh...

Seoul Tower

Seoul Tower

Seoul, South Korea

The Seoul Tower was once the tallest tower in Asia and has the best panoramic view of Seoul. Located smack in the middle of the city, it is visible from almost everywhere in the city and is a helpful reference for tourists on foot. ...

The Viking Ship Museum “Vikingskipshuset”

The Viking Ship Museum “Vikingskipshuset”

Oslo, Norway

The Viking Ship Museum or “Vikingskipshuset” is located in Bygdoy, a short bus or ferry ride from the city center. The museum features several Viking ships used in ancient burials that have been preserved amazingly well by the blue clay in which they were buried. The boats are filled with jewels and artifacts, and are definitely worth seeing. This is also an excellent stop for those with kids in t...

Ariana Museum

Ariana Museum

Geneva, Switzerland

The Ariana Museum, also known as The Swiss Museum of Ceramics and Glass, is dedicated to the ceramic arts.  It is located in the front yard of the Palais des Nations in the Parc de l'Ariana.  The building was constructed between 1877 and 1884 by Gustave Revilliod to house his prodigious art collection.  It was named after his mother, Ariane de la Rive.  The museum was eventuall...