The Wall Street Journal-20080123-Saudi Arabian Airlines- Privatization Plan Includes Sale of Shares to Investors
来自我不喜欢考试-知识库
Return to: The_Wall_Street_Journal-20080123
Full Text (110 words)
Saudi Arabian Airlines will sell as much as 40% of its shares to international investors in two years as part of a privatization plan aimed at expanding its operations, an official at the state-owned carrier said. The airline has privatized its catering and air-cargo units and is now privatizing its three remaining divisions -- technical services, ground-handling units and an aviation academy. The move follows November's announcement by Dubai-based Emirates Airline, one of the Middle East's largest carriers, that it may consider an initial public offering of as much as 30% of the airline, which would help it to finance the $60 billion worth of aircraft it has on order.
