Both Saudi And New Low Cost Subsidiary To Be Privatised
Saudi Arabian Airlines’ along with new low cost subsidiary Flyadeal are due to be privatised by 2020, “One significant part of the group’s privatisation plan is to incorporate SAAC [Saudi Arabian Airlines Corporation] to become the group’s parent company. There are no explicit decisions for this yet, but the estimated timeline is by 2020. The group privatisation strate...
THE UK ban on flights to Sharm El Sheikh needs to be lifted – or more British airlines could fold.
That’s the advice of a group of MPs, who say travel restrictions to the Red Sea resort are harming the aviation industry. With so many airlines competing in a smaller market, fares reached rock bottom – so the company earned £100 million less last year, despite carrying 14 per cent more passengers. Andrew told the BBC: "Flights were being squeezed into a smaller number of de...