Morocco may sell airline stake to Gulf player
Rabat, October 15, 2012
Morocco will offer to sell a 44 percent stake in its flag carrier Royal Air Maroc (RAM) to major Gulf airlines, an official source said on Monday.
The proposal will be made during a rare tour by King Mohammed of Saudi Arabia, Qatar, the UAE, Kuwait and Jordan that starts on Tuesday.
"We will listen to their (Gulf airlines) ideas about how they see this partnership ... For our part, we may propose the sale of up to 44 percent stake in RAM to the selected partner," the source told Reuters. - Reuters
More Travel, Tourism & Hospitality Stories
- Atlantis, The Palm, seeks $850m loan
- Emirates, TUI India ink agent agreement
- Dnata buys Air France stake in Italian unit
- SIA profits drop in contest from Gulf carriers
- Kuwait Airways in financing talks for Airbus order
- Ritz-Carlton Dubai unveils summer offers
- Royal Rose Hotel appoints general manager
- GCAA, Etihad open operations licensing office
- Emirates to fly A380 to Brisbane, Auckland
- Qatar Airways eyes Boeing 777X mini-jumbos
