Airline Finance News - Africa / Middle East.Dec 18, 2006 Royal Jordanian Royal Jordanian Airlines (Arabic: الملكية الأردنية; transliterated: al-Malakiyah al-Orduniyah) is an airline based in Amman, Jordan, operating scheduled international services over four Royal Jordanian last week confirmed that the government will proceed with the announced privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned of the carrier next year. The Jordanian government will sell 74% of Royal Jordanian to the private sector and retain the balance. The shares to be sold to non-Jordanian investors will not exceed 49% in order to maintain traffic rights. Dec 17, 2006 Royal Jordanian Royal Jordanian President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Samer Majali Samer Majali (Arabic: سامر المجالي) is a Jordanian businessman. He is the current President and CEO of Royal Jordanian airlines, where his career began in 1979. He attended Dean Close School in England. , speaking at a press conference in Amman celebrating the airline's 43rd anniversary, conceded that he does not expect final financial results for 2006 to be as good as those of the past two years owing to owing to prep. Because of; on account of: I couldn't attend, owing to illness. owing to prep → debido a, por causa de high fuel prices. Yet he said he is "optimistic" the carrier will post "better results, particularly after concluding the medium-haul fleet modernization and commencing to incorporate the Embraer 195s in the fleet" in 2007. Joining oneworld early next year also will help. Majali estimated that RJ will transport around 2 million passengers this year, an 8% increase on 2005, with revenues rising 9.5% to $637 million. Dec 17, 2006 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Dec 11, 2006 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion