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Airline Finance News - Africa / Middle East
Airguide Online, August 28, 2006
For more airline finance news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Aug 28, 2006
Saudi Arabian government initiated the privatization process for flag carrier Saudi Arabian Airlines by formally offering a stake of up to 49% in the company's catering and affiliated inflight sales units. The carrier submitted its plan to the government earlier this month. Aug 23, 2006
El Al
El Al reported a second-quarter loss of $15.1 million, according to press reports, a reversal from the $29.9 million earned in the year-ago quarter before increased foreign competition, fuel costs and war devastated the bottom line. Revenue increased 2% to $429.2 million. A full-year loss is expected. Aug 24, 2006
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