Both Saudi And New Low Cost Subsidiary To Be Privatised

Photo: Manuel EstevezR

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Saudi Arabian Airlines’ along with new low cost subsidiary Flyadeal are due to be privatised by 2020, according to a report by Arab News.

“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 report quoted a Saudi official to say.

“The group privatisation strategy covers all strategic business units excluding the Royal Fleet. The plan is to privatise Saudia and Flyadeal together under the group parent company,” the spokesperson added.

Saudi Arabia is also working to privatise all of its airports. A report by Arabian Business said the airport privatisation process was also being pushed to be completed by 2020.