Saudi flag carrier to launch low-cost offshoot

AFP, RIYADH: State-owned Saudi Arabian Airlines plans to launch a low-cost offshoot next year under initiatives to restructure the kingdom's oil-dependent economy, official media said yesterday.
Known as "Flyadeal", the low-cost carrier will begin operations from the middle of next year, Saudi Arabian Airlines chief Saleh al-Jasser said.
It will operate independently of its parent firm, Jasser was quoted as saying by the official Saudi Press Agency at a ceremony on Sunday.
The report gave no further details of its financing or administrative structure. It also did not specify whether Flyadeal would serve domestic or international routes.
Jasser said the airline would be "an addition to the list of strategic initiatives that are being imple mented towards the National Transformation Programme."
Saudi Arabia is to announce a wide-ranging plan to redevelop its economy on April 25, the Arab News daily reported on Monday. The National Transformation Programme, a key part of the plan, will be launched in subsequent weeks, it said.

Saudi flag carrier to launch low-cost offshoot

AFP, RIYADH: State-owned Saudi Arabian Airlines plans to launch a low-cost offshoot next year under initiatives to restructure the kingdoms oil-dependent economy, official media said yesterday. Known as Flyadeal, the low-cost carrier will begin operations from the middle of next year, Saudi Arabian Airlines chief Saleh al-Jasser said. It will operate independently of its parent firm, Jasser was quoted as saying by the official Saudi Press Agency at a ceremony on Sunday. The report gave no further details of its financing or administrative structure. It also did not specify whether Flyadeal would serve domestic or international routes. Jasser said the airline would be an addition to the list of strategic initiatives that are being imple mented towards the National Transformation Programme. Saudi Arabia is to announce a wide-ranging plan to redevelop its economy on April 25, the Arab News daily reported on Monday. The National Transformation Programme, a key part of the plan, will be launched in subsequent weeks, it said.