PrivatAir Saudi Arabia, the Saudi subsidiary of PrivatAir (Switzerland) (PV, Geneva), has acquired a 30% stake in Saudia Private Aviation (SVA, Jeddah). The value of the transaction, which closed in July, was not disclosed.
Saudi Private Aviation is the the VIP charter subsidiary of Saudia (SV, Jeddah) offering a fleet of private jets for ad-hoc charter operations. As a shareholder, PrivatAir will renew the operator's fleet as part of a comprehensive restructuring programme.
SPA was listed alongside three other Saudia units - the Prince Sultan Aviation Academy, Medical Services, and Saudi Airlines Real Estate Development Company - for privatization in 2012. Thus far, two units have gone public with Saudi Airlines Catering Co. raising USD347million and Saudi Ground Services Co raising USD751 million during their IPOs in 2012 and 2015 respectively.
British Airways has unveiled the next phase of its Heathrow lounge transformation programme, marking the beginning of a significant investment aimed at modernising every lounge across the airport in t...
Etihad Airways has signed an interline agreement with Nigerian airline Ibom Air, enabling travellers to connect seamlessly beyond Lagos and Accra to five destinations across Nigeria on a single t...
Rising production rates and the launch of new aircraft programs are driving increased demand for manufacturing capacity across the aerospace industry. To support this growth, FACC plans to i...
Following the successful public flight demonstrations at Expo 2025 Osaka, SkyDrive announced plans to undertake a feasibility study exploring the conversion of Osaka City’s existi...
