View Full Version : NAS?
metro301
17th Jun 2008, 21:24
Did NAS stop flying domestically in KSA? Hearing rumors, but nothing concrete.
Hope the rumors are false.
Fly Ginger
18th Jun 2008, 08:52
Rumours..................you will have to do better than that!!
Fool 'n' Tameez
18th Jun 2008, 12:26
Don't know about that, but I do know that Kingdom holdings has bought Abraaj capital's 30% stake in NAS . So in addition to the 9% he bought in an earlier transaction, al-Waleed now has 39% . Takeover anyone?
Abraaj are the real winners here..... if the quoted figures are correct, they made a 300% return within 2 years!
Looking at www.flynas.com there are no flights available domestically in July, so Metro, your rumor might be fact.
Mutt
metro301
18th Jun 2008, 23:17
Fly Ginger, I thought this was a Rumour Network? I am just a guy without wasta working in the sandpit, I only hear rumour, very little fact.
All I know is that Saudia monthly bids are delayed for the domestic flying. We were told it was for an increase in domestic flights to cover one of the LCC's. Then I heard that NAS didn't get GACA approval for the 190's yet due to problems with their manuals.
Like I said... I hope I am wrong but something seems to be going on over there.