Sama threads combined
Join Date: Aug 2010
Location: Ukraine
Posts: 1
Likes: 0
Received 0 Likes
on
0 Posts
Sama Bankrupt??
Dear colleagues,
I would like to know if anyone knows if Sama is going to cancel operations due to bankruptcy.
The thing is that next weekend I had an assestment for them in Prague.
I had everything arranged but I supposed that I have to come back fishing again.
If this is true, I want to say sorry for everyone who may be deeply involved on this matter and I wish good luck and the best to everyone.
Thanks a lot for any help.
I would like to know if anyone knows if Sama is going to cancel operations due to bankruptcy.
The thing is that next weekend I had an assestment for them in Prague.
I had everything arranged but I supposed that I have to come back fishing again.
If this is true, I want to say sorry for everyone who may be deeply involved on this matter and I wish good luck and the best to everyone.
Thanks a lot for any help.
Join Date: Jun 2001
Location: Surrounded by aluminum, and the great outdoors
Posts: 3,780
Likes: 0
Received 0 Likes
on
0 Posts
Think this might shed some light
Saudi Sama airline to stop services after $266m loss - Emirates24|7
Saudi Sama airline to stop services after $266m loss - Emirates24|7
Join Date: Jul 2010
Location: Next doors
Age: 53
Posts: 4
Likes: 0
Received 0 Likes
on
0 Posts
Who is next ??
Next to fold is Jazeera Airways, it's just a matter of time, in this part of the world where spoiled boys can play with Dads millions without any regard to the thousands of employees loosing jobs overnight.
Since living here this is my motto:
“Always expect the unexpected & assume the worst”
Since living here this is my motto:
“Always expect the unexpected & assume the worst”
Join Date: Mar 2006
Location: Somewhere out there
Posts: 189
Likes: 0
Received 0 Likes
on
0 Posts
Agree with Angry Flyer, Jazeera could be next for the chopping block, rumoured to be largely in part to a poor choice of CEO early last year.
Wasnt he the same one Sama had?
Also NAS based in OERK. They are reported to be having serious financial difficulties and it is unlikely that Sama's demise will benefit them now as they are too far gone.
Anyone from NAS care to comment?
Good luck to all caught up in this.
Wasnt he the same one Sama had?
Also NAS based in OERK. They are reported to be having serious financial difficulties and it is unlikely that Sama's demise will benefit them now as they are too far gone.
Anyone from NAS care to comment?
Good luck to all caught up in this.
Join Date: Sep 1999
Location: ME
Posts: 5,502
Likes: 0
Received 0 Likes
on
0 Posts
Given SAMA will stop flying shorty....its time NAS steps up to the plate NOW
Mutt
Join Date: Jul 2007
Location: Middle of no where
Posts: 32
Likes: 0
Received 0 Likes
on
0 Posts
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.
Related: Top 10 Middle East Airfreight Hubs 2010
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.
Related: Top 10 Middle East Airfreight Hubs 2010
Join Date: Jul 2010
Location: Next doors
Age: 53
Posts: 4
Likes: 0
Received 0 Likes
on
0 Posts
Jazeera Bankruptcy
As expected in my earlier post:
"In an announcement to Kuwait stock exchange Jazeera Airways dropped its capital increase today", its going to join Sama airlines bankruptcy fate
.
"In an announcement to Kuwait stock exchange Jazeera Airways dropped its capital increase today", its going to join Sama airlines bankruptcy fate
.
Join Date: Nov 2008
Location: Desert
Posts: 64
Likes: 0
Received 0 Likes
on
0 Posts
we don't dance samba, we fly jets
SAMA was a challenge for a few years, crews flying old and not well taken care airplanes, and there was no incidents nor accidents. Crews were mixed from many countries and a great airmanship in the flight deck, resulting in excellent CRM.
Stopping operation is still a game to get money, but crews are already lined up for other carriers in the region and far east, it will not take time to disappear from KSA. Good not to have to live under such bad managers anymore, the last ones were zeros on the left with a chief pilot that does not know anything about aviation, or the airplane, nor safety. Anyhow, as somebody mention before, we feel great to leave, fulfilling a job well done in such poor conditions and, in a big market, but with bended rules. The people in Saudi was really nice and it was a privilege to serve them.
D
Stopping operation is still a game to get money, but crews are already lined up for other carriers in the region and far east, it will not take time to disappear from KSA. Good not to have to live under such bad managers anymore, the last ones were zeros on the left with a chief pilot that does not know anything about aviation, or the airplane, nor safety. Anyhow, as somebody mention before, we feel great to leave, fulfilling a job well done in such poor conditions and, in a big market, but with bended rules. The people in Saudi was really nice and it was a privilege to serve them.
D
Join Date: Sep 1999
Location: ME
Posts: 5,502
Likes: 0
Received 0 Likes
on
0 Posts
Stopping operation is still a game to get money
Or is this just a way of forcing the governments hand
I'm still amazed that they lost $250 million plus $200 million of investors money with only 6 aircraft.
Mutt
Join Date: Nov 2008
Location: Desert
Posts: 64
Likes: 0
Received 0 Likes
on
0 Posts
Lost money
"I'm still amazed that they lost $250 million plus $200 million of investors money with only 6 aircraft."
I believe the money was not lost, but redirected somewhere, if you look deeper, may be you will find out.
D
I believe the money was not lost, but redirected somewhere, if you look deeper, may be you will find out.
D
Join Date: Feb 2000
Location: HON121º/14 NM
Posts: 664
Likes: 0
Received 0 Likes
on
0 Posts
It's bad news for all the crews involved. Thanks to all of you who helped me decide not to join you a few months ago! I hope you all find something else (and something better hopefully) soon.
Join Date: Sep 2004
Location: Brighton
Posts: 7
Likes: 0
Received 0 Likes
on
0 Posts
CEO thanks staff
The CEO of Sama was asked who he would recommend as good employees when Nas were with him yesterday, his response was "no one".
This is the same CEO who blames everyone for everything and nothing is his fault. A true leader, who failed the airline, investors and staff, with his old retired buddy. Time for auditors to look hard at where the money went.
How much did the CEO earn and that of his buddy.
I am not there, I feel for the guys who had to endure the failed senior management and wish them the best.
This is the same CEO who blames everyone for everything and nothing is his fault. A true leader, who failed the airline, investors and staff, with his old retired buddy. Time for auditors to look hard at where the money went.
How much did the CEO earn and that of his buddy.
I am not there, I feel for the guys who had to endure the failed senior management and wish them the best.
Join Date: Nov 2008
Location: Desert
Posts: 64
Likes: 0
Received 0 Likes
on
0 Posts
CEO
CEO was a disaster, before looking were the money went, they need to pay their employees, until now looks like they don't want to pay at all.
KSA uses to protect their citizens and expats working there according to the Saudi labor law?
KSA uses to protect their citizens and expats working there according to the Saudi labor law?
Join Date: May 2007
Location: Between a rock and a hard place
Posts: 4
Likes: 0
Received 0 Likes
on
0 Posts
sama
I know some people still working there, there are some good guys and for the CEO to say that is a real shame. He either didnt know his employees or just didnt care. In fact there were some in the company's dmm base who didnt even know what he looked like!...he never came there or communicated.
There is money coming from somewhere and according to my contacts in the region, charter flights are being hastily arranged to take care of travellers who already had bookings and many of whom are causing a stir at both domestic and international airports which is in turn putting diplomatic pressure on the sauds. I wonder who is paying for that?
I dont entirely agree with all the blame being placed on this ceo however. He walked into a total catastrophe left by the previous ceo who after being fired from sama then went to jazeera in kuw only to be fired again after a few months.
A lot of rumour surrounding this company and how it has ceased operations, most of it centred on how there are plans to restart.
SIMS
There is money coming from somewhere and according to my contacts in the region, charter flights are being hastily arranged to take care of travellers who already had bookings and many of whom are causing a stir at both domestic and international airports which is in turn putting diplomatic pressure on the sauds. I wonder who is paying for that?
I dont entirely agree with all the blame being placed on this ceo however. He walked into a total catastrophe left by the previous ceo who after being fired from sama then went to jazeera in kuw only to be fired again after a few months.
A lot of rumour surrounding this company and how it has ceased operations, most of it centred on how there are plans to restart.
SIMS
Join Date: Nov 2008
Location: Desert
Posts: 64
Likes: 0
Received 0 Likes
on
0 Posts
Plans to restart
Yes, there are plans to restart, the CEO stated this on his email: "we are facing a long-term reorganization."
They will bring airbuses and different contracts, less money and benefits, i wonder who is gonna fly for them; specially because they are not planning to honor and pay the contractual terms. Situation which is because this was not an ordinary company, it belongs to the royal line. CEO was a disaster because of his behavior, the "quiet man", usual silence from him in everything. Many complaints about fare caps and the cheapest fuel in the world, but the company was flying only to international destinations for 3 years, without any reserve on those ticket prices; so, i guess he is the one to be blamed with his previous colleague.
They have to find excuses for their own mess, HR was the worse thing in Sama, **** heads.
D
They will bring airbuses and different contracts, less money and benefits, i wonder who is gonna fly for them; specially because they are not planning to honor and pay the contractual terms. Situation which is because this was not an ordinary company, it belongs to the royal line. CEO was a disaster because of his behavior, the "quiet man", usual silence from him in everything. Many complaints about fare caps and the cheapest fuel in the world, but the company was flying only to international destinations for 3 years, without any reserve on those ticket prices; so, i guess he is the one to be blamed with his previous colleague.
They have to find excuses for their own mess, HR was the worse thing in Sama, **** heads.
D