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July 31, 2015 8:11 AM 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.

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 2015.

Saudi Arabian Airlines Corporation Key Developments

Saudi Arabian Airlines to Acquire 50 New Airbus Aircraft Through Shari'ah-Compliant Finance

Saudi Arabian Airlines announced that the company is acquiring 30 A320 and 20 A330-300 aircraft from Airbus in a deal reportedly valued at $7.7 billion. Airbus will sell the aircraft to the Aircraft Leasing Islamic Fund (ALIF) operated by International Airfinance Corporation (IAFC), which will then lease them to Saudia. IAFC partnered with Airbus and the Islamic Development Bank (IDB) to create a Shari ah-compliant fund seeded by Airbus and the IDB and dedicated for Airbus aircraft. The Fund offers various forms of Islamic financing solutions, including Shari ah compliant operating leases, Sukuk, and Ijarah financing.

Saudi Arabian Airlines Orders 50 Passenger Planes from Airbus Worth $8 Billion

Saudi Arabian Airlines has ordered 50 passenger planes from Airbus with a total catalogue value of some $8.0 billion. The order consists of 20 Airbus A330-300 Regionals and 30 A320ceos. The medium-haul plane, which can carry 400 passengers and has a range of 5,000 kilometres (3,000 miles), will allow the airline to increase capacity on its most popular regional routes.

Saudi Airlines Seeks IPO For Its Cargo Business

Saudi Arabian Airlines Corporation is planning to list its cargo business in this month’s listing of the ground-handling division, Director-General Saleh Bin Nasser Al Jasser said. Nasser told Gulf News at the International Air Transport Association (IATA) annual meet in Miami.

Similar Private Companies By Industry

Company Name Region
Saudia Private Aviation Company Limited Middle East/Africa
flynas Company LCC Middle East/Africa
Saudi Arabian Airlines Corporation Middle East/Africa
National Air Services Ltd. Co. Middle East/Africa
Sama LelTayaran Company Ltd. Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 21, 2015
Saudia Private Aviation Company Limited
 

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