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Middle East Many expats still flying in Knoteetingham. Regional issues can be discussed here.

NAS?

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Old 17th Jun 2008, 21:24
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NAS?

Did NAS stop flying domestically in KSA? Hearing rumors, but nothing concrete.

Hope the rumors are false.
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Old 18th Jun 2008, 08:52
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Rumours..................you will have to do better than that!!
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Old 18th Jun 2008, 12:26
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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?
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Old 18th Jun 2008, 15:23
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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
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Old 18th Jun 2008, 23:17
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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.
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