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FINANCIAL NEWS
Saudia faces domestic seat shortage
30 Jun 2013
(MENAFN) Abdullah Al Ajhar, executive vice president for public relations at the Saudi Arabian Airlines (Saudia) revealed that the airline needs at least 35 new aircraft to meet domestic travel demand, Arab New reported.
He added that the domestic travel market faces a shortage of two million seats, and that the Qatar Airways and Gulf Air would fill the gap.
The General Authority of Civil Aviation (GACA) has already licensed the two Gulf airlines to operate flights to domestic airports. The authority estimated a 19 percent increase in domestic passengers.
According to Al Ajhar, Saudia has transported 14.5 million domestic passengers last year, expecting the number to grow to 15.5 million in 2013.
Saudia has purchased 90 new aircraft including Airbus and Boeing to modernize and beef up its fleet and meet marketing requirements.
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