August 26, 2016 7:32 PM ET

Airlines

Company Overview of Saudi Arabian Airlines Corporation

Company Overview

Saudi Arabian Airlines Corporation, an airlines company, operates a fleet of flights for passenger transportation to various destinations in Saudi Arabia and internationally. It also offers ground handling services, such as station management and company representation, passenger services (terminal services), heavy equipment operation, baggage services, cabin services, water and fleet services, ground support, weight and balance control, aircraft marshalling and parking, ramp operation, shipment escorting, and coordination with catering and fueling companies. The company was founded in 1945 and is based in Jeddah, Saudi Arabia with additional offices in Khartoum and Los Angeles.

P.O. Box 620

Jeddah,  21231

Saudi Arabia

Founded in 1945

Phone:

966 12 686 0000

Fax:

966 12 686 4587

Key Executives for Saudi Arabian Airlines Corporation

Compensation as of Fiscal Year 2016.

Saudi Arabian Airlines Corporation Key Developments

Oman Air and Saudia Sign Code Share Agreement

Oman Air and Saudi Arabian Airlines have signed a codeshare agreement covering services between Muscat and four destinations in Saudi Arabia. Effective from June 29, customers were able to book flights through either airline for services between Muscat and Riyadh, Dammam, Jeddah, or Medina. Oman Air operates double-daily flights between Muscat and Riyadh, double-daily flights between Muscat and Jeddah, up to two flights per day between Muscat and Dammam and daily flights between Muscat and Medina. The airline deploys Boeing 737s on services to Riyadh, Dammam and Medina, whilst B737s, Airbus 300s, and Boeing 787 Dreamliners are deployed on services to Jeddah. Saudi Arabian Airlines operates regular flights throughout the week from Riyadh, Jeddah, and Medina to Muscat, using Airbus 320 aircraft.

Saudi Arabian Airlines Mulls IPO

Saudi Arabian Airlines Corporation is seeking financing. The company is planning an initial public offering. The listing is part of a five-year strategy to make the airline, also known as Saudia, profitable by 2020. But a decision on when to list the carrier or how much of a stake would be floated is yet to be determined.

Saudi Arabian Airlines Launches Flight to Maldives to Maldives from Riyadh to Ibrahim Nasir International Airport

Saudi Arabian Airlines launched its first inaugural flight to Maldives from Riyadh to Ibrahim Nasir International Airport on 30th March 2016 at 08:55 hrs. Saudi Arabian Airlines will be operating two time times weekly to Maldives with a B777 aircraft.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 10, 2016
Saudi Aerospace and Engineering Industries
 

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