Air Transport World

Saudi Arabian Airlines: East)(plans to go private)(Brief article)

The Saudi Arabian government plans to privatize the airline with the process beginning later this year. The move was announced in March and is part of a broader privatization of state-controlled assets. Saudi Arabian, which celebrated its 60th anniversary last year, reportedly will offer 30% of its shares in an upcoming IPO.

In a May speech in Jeddah, DG Khalid Ben-Bakr said the privatization was necessary because of the industry's changing dynamics. "The classical way of thinking and doing business is not enough any more," he explained. …

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