Thursday 20 June 2013
 
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GACA

Saudi airports agency picks banks for huge sukuk

Saudi Arabia's state airports operator has picked three banks to arrange the second tranche of its local Islamic bond programme, banking sources said on Tuesday, with a sale seen matching the firm's recor

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New airline operations in Saudi may take 3-6 months

  Foreign airlines may need about three to six months to obtain operating licences letting them enter Saudi Arabia's domestic aviation market, a spokesman for the General Authority for Civil Aviation (GACA) has said.

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Canada aviation specialists win Saudi nod

Canada-based Flying Colours Corporation said it has won approval from Saudi General Authority of Civil Aviation (GACA) to carry out maintenance work on aircraft registered in the Kingdom. Flying Colours are specialists in completi

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Riyadh airport expansion to start in Nov

Saudi Arabia expects to begin construction work in November to triple capacity at its Riyadh airport and expects the project to be completed by 2015, the General Authority for Civil Aviation (GACA) said on Tuesday. "The expansion will incl

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HSBC leads $4bn Saudi Sukuk

HSBC Saudi Arabia said it had led a very successful SR15 billion ($4 billion) 10-year Sukuk issuance for the General Authority of Civil Aviation (GACA). The funds from the Sukuk issuance will be used for the construction of the new King Ab

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Saudi Gaca plans second sukuk at year end

Saudi Arabia's General Authority for Civil Aviation (Gaca) plans to issue its second sukuk at the end of the year to help fund its 27 billion riyal ($7.2 billion) airport in Jeddah, its top executive told Al Arabiya. 'The second is

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Saudi civil aviation body to issue $4bn sukuk

Saudi Arabia's General Authority for Civil Aviation (GACA) is set to issue a 15 billion riyals ($4 billion) ten-year sukuk, its debut Islamic bond offering, a source familiar with the matter told Reuters on Monday. The transaction will

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Bayanat Airports showcases at Jeddah event

Bayanat Airports, part of the Bayanat Engineering Group, a leader in air traffic management systems, is showcasing its expertise at an ongoing infrastructure event in Jeddah. The Saudi Infrastructure Forum and Exhibition opened yesterday (

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Gulf Air, Saudi GACA discuss ties

A delegation from Gulf Air, the national carrier of Bahrain, recently discussed ways to strengthen relationship with the General Authority for Civil Aviation (GACA) of Saudi Arabia during a visit to GACA office in Riyadh. The visit was org

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UAE boosts ties with Central European countries

The UAE participated for the first time in the Central European Rotation Group (Cerg) Executive Meeting, which took place in Romania, in a bid to strengthen cooperation in civil aviation. “UAE participation at this event reflects the close

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