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Jul 21 2012

Qatar Airways, Gulf Air among 7 Cos Competing for Saudi Air License -Report

Saturday, Jul 21, 2012

BEIRUT (Zawya Dow Jones)-- Qatar Airways and a consortium led by Bahrain's Gulf Air are among seven candidates selected by Saudi Arabia to compete for a new airline license that will allow to operate domestic and international flights in the kingdom, Saudi-based Al Eqtisadiah daily reports Saturday, citing unnamed sources.

The other candidates include three consortia led respectively by Bahrain Air, China's Hainan Airlines and Egypt's Al Masria Universal Airlines alongside the Islamic Development Bank, the sources told the paper. U.A.E.-based Falcon Express Cargo Airlines and Saudi Arabia's Nesma Holding Co., which owns Egypt's Nesma Airlines, also qualified to bid for the license, the report says.

The winners' names are expected to be announced in October and the license will be granted in the last quarter of 2013, according to the paper.

The General Authority Of Civil Aviation recently prequalified seven out of the 14 companies that bid earlier this year for a new airline license to operate domestic and international flights in the kingdom.

Newspaper website: http://www.aleqt.com/2012/07/21/article_676185.html

-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com

Copyright (c) 2012 Dow Jones & Co.

(END) Dow Jones Newswires

21-07-12 1023GMT


© Copyright Zawya. All Rights Reserved.


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