CK
24-08-2010, 07:55
Sama Airlines suspends operations, hopes for 'financial solution'
Saudi Arabia-based LCC Sama Airlines announced Monday it is “temporarily discontinuing” all flight operations effective Tuesday. CEO Bruce Ashby said in a statement that stopping flights "is the only option remaining to us" following "many months" of unsuccessfully attempting to find financial relief. He said the airline incurred "heavy losses" during the Oct. 2009-March 2010 winter season and has been unable to recover despite a "sharply" improved revenue performance in the summer season.
http://atwonline.com/news/other-headlines/2010-8-24?cid=nl_atw_dn
Saudi Arabia-based LCC Sama Airlines announced Monday it is “temporarily discontinuing” all flight operations effective Tuesday. CEO Bruce Ashby said in a statement that stopping flights "is the only option remaining to us" following "many months" of unsuccessfully attempting to find financial relief. He said the airline incurred "heavy losses" during the Oct. 2009-March 2010 winter season and has been unable to recover despite a "sharply" improved revenue performance in the summer season.
http://atwonline.com/news/other-headlines/2010-8-24?cid=nl_atw_dn