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FINANCIAL NEWS
Qatar Airways considers setting an affiliate in Saudi Arabia
04 Jul 2012
(MENAFN) Qatar Airways unveiled its interest in operating a unit in oil-rich Saudi Arabia’s domestic market, Arabian Business reported.
CEO Akbar Al Baker was in talks with the new chairman of Saudi Arabia’s General Authority of Civil Aviation (GACA), Prince Fahad bin Abdullah Al Saud over the Kingdom’s new aviation policy, the carrier said.
Al Baker said that the airline was interested in the Saudi aviation market, but was waiting for the right time when certain factors in the industry are tackled.
He also expressed his concern over high fuel charges and the Saudi government’s policy of subsidizing airfares.
Since last year’s announcement that Saudi domestic flights market would open to foreign operators, GACA received 14 bids from both foreign and domestic firms.
Saudi aviation market has two operators; the state-run Saudi Arabian Airlines (Saudia) and low-cost carrier nasair.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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