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Old 23rd Aug 2010, 09:36
  #449 (permalink)  
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the end of the tunnel

Saudi Sama airline to stop services after $266m loss

by Bloomberg This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 22 August 2010
SAUDI SAMA: Sama, which started in 2007, operated six Boeing 737-300s. (Getty Images)

Sama, one of two low-cost airlines Saudi Arabia, plans to stop its services from Sunday, a spokesman for the country’s civil aviation regulator said.

The General Authority of Civil Aviation has been informed by Sama of its plan, Khalid Al Khaybari said in phone interview on Sunday.

The decision was taken after the airline recorded a loss of SR1bn ($266m), said a board member, who declined to be identified as the company hasn’t made any official announcement.

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