Airline

Saudi Air inks deal with French catering company

March 22- Saudi Airlines has signed a deal with an affiliate of French investment bank Calyon to advise on an initial public offering of its catering company, it was learnt on Sunday.

The airline, one of the Middle East's largest carriers, launched a gradual privatization of its catering, cargo, maintenance, ground services and aviation services units to pave the way for a flotation of a stake in its core transport unit. In October, an airline official indicated that the IPO offering 30 percent of the catering unit would be held around the third quarter of 2010.

In July, a committee of Saudi Arabia's advisory Shura Council recommended an IPO for the airline, instead of selling off its units piecemeal. The airline has already sold to private investors a 49 per cent stake in the catering unit and 30 per cent of its cargo unit.
 

More Airline
Qatar Airways launches direct flights to Skopje
Emirates launches dedicated airport lounge at Boston Logan Airport
Laptop ban lifted on Qatar Airways flights to the US
Latest Travel News
Family summer holiday destinations...
Iconic Sheraton Cairo reopens after exte...
Qatar Airways launches direct flights to...
Featured Sights To See
Istanbul Military Museum

Istanbul Military Museum

Istanbul, Turkey

The power of the Ottoman Empire was largely based on war and conquest.  The military was its most important institution.  The Istanbul Military Museum puts that on display.  The museum originally opened in 1950 and housed in an old church.  In 1993, it moved to its current location in the old Ottoman imperial military academy. As one would expect from a military museum, it...

Temple of the Reclining Buddha

Temple of the Reclining Buddha

Bangkok, Thailand

This temple dates back to the 1500s and is the oldest in Thailand. The reclining Buddha located in the northern section was made in the 1800s and is almost 150 feet long and 15 feet high. It is made of cement-covered brick and coated with gold leaf. The soles of the feet are inlaid with mother-of-pearl with 108 signs, marks and qualities by which a true Buddha is recognized. It is considered good ...

Lagoa Rodrigo de Freitas

Lagoa Rodrigo de Freitas

Rio de Janeiro, Brazil

Considered to be one of the most beautiful spots in the city, this lake has a 7.2lm cycling/walking track around it. Bikes and paddle boats are available from the Parque Brigadeiro Faria Lima which is nearby. Kiosks dotted around the lake have lovely alfresco dining, serving caipirinhas (sugarcane spirit and crushed citrus) while accompanied by music. Address: Parque da Catacumba  &nb...

Istiklal Avenue

Istiklal Avenue

Istanbul, Turkey

Istiklal Avenue is Istanbul's answer to the Champs Elysees in Paris or Fifth Avenue in New York.  It's home to the city's best shopping, fine dining, and beautiful architecture.  Just about every major international fashion label has an outlet here.  Day and night, Istiklal Avenue is always crowded.  The city's best night life is located here too. Istiklal Avenue's western...