Saudi Ground Services, a unit of national carrier Saudi Arabian Airlines, has hired HSBC Holdings to advise it on a planned initial public offering (IPO) of 30 percent of its shares, banking sources told Reuters.
Qatar Airways, the fast-growing Gulf carrier, said it wants to launch a new airline based in Saudi Arabia and is keen to invest in the kingdom's domestic aviation sector.
Chief executive Akbar Al Baker has had talks with Prince Fahad b
European planemaker Airbus won an order from Saudi Arabian Airlines for four additional A330-300 wide-body aircraft, taking the carrier's total order for the plane to 12.
The order, announced at the Paris Air Show on Monday, is worth $