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
Multiple Langham Hotels named in 2020 Re...
Swiss Belhotel to open 4 new hotels in t...
Abu Dhabi and Wizz Air announce establis...
Featured Sights To See
The Sao Paulo Zoo

The Sao Paulo Zoo

Sao Paulo, Brazil

A place worth visiting, the Sao Paolo Zoo has over 3,000 different kinds of animals, including several endangered species. The zoo has a lake in its center containing the monkey islands, which must not be missed. Address: Av. Miguel Stéfano 4241, Água Funda, Parque do Estado Tel: 011-5073-0811 Timings: Tuesday-Sunday, 9am-5pm Entry fee: R$10  ...

Cisternerne

Cisternerne

Copenhagen, Denmark

A unique museum dedicated to promote modern glass art which includes glass monuments, statues and the like. A striking feature which Forbes pointed out was its unusual place for exhibiting glass work in all of Europe. The museum has two entrances where you will be welcomed by two glass pyramids. Address: Galerie Max Seidenfaden, Pile Alle 55, 2000 Telephone: 33 21 93 10                ...

Schonbrunn Palace

Schonbrunn Palace

Vienna, Austria

Recognised as one of the most important cultural monuments in Austria, and also a World Heritage Site by UNESCO, this palace was the  Habsburgs' summer escape and was  built in characteristic Habsburg architecture, containing lavish gardens which are the major tourist attraction. The palace also boasts a zoo and greenhouse....

Trianon Park

Trianon Park

Sao Paulo, Brazil

This park was established in the late 19th century and features the flora and fauna of Brazil. Today, it has trees over three hundred years old and can serve as a peaceful retreat  from the commotion of the city. Children can run around freely, play games and take in the natural beauty of Brazil. Perfect for a picnic with the family. Address: Rua Peixoto Gomide 949, Jardim Paulista Tel: 011-3...