Saudia hiring in Belgrade

GLOBAL AVIATION NEWS

SAA sold

South Africa agreed to sell a majority stake in the country’s grounded national carrier to a local jet-leasing company and private-equity firm, ridding the government of an entity that has long been a drain on state finances. A consortium comprised of Johannesburg-based Global Airways, which owns recently launched domestic airline Lift, and private-equity firm Harith General Partners will take a 51% shareholding in South African Airways (SAA), Public Enterprises Minister Pravin Gordhan said. The government will retain a minority stake. The grouping named Takatso will invest as much as 3.5 billion rand ($258 million) over the next three years, Lift co-founder, Gidon Novick, and Harith Chief Executive Officer, Tshepo Mahloele, said in an interview. “Government will have no further financial obligations to the company, outside of the existing liabilities that they will settle”, Novick said. He added, “Route networks we are still working on, and it will be a phased roll-out based on demand re-emerging post Covid”. The sale of SAA comes about six weeks after the airline emerged from lengthy bankruptcy proceedings, having reduced its workforce by almost 80% and cut liabilities to about 2.6 billion rand. The next challenge is to resume international flights, though South Africa remains cut off from much of the world due to pandemic travel restrictions. A longer-term goal is to list the carrier on a stock exchange, Gordhan said. In the meantime, the government will retain special voting rights to ensure the airline remains in the country, among other national priorities. The deal represents a triumph of sorts for Gordhan, who has argued for the revival of SAA with the help of private investors while others were calling for it to be liquidated. While SAA is now “solvent and liquid,” business-rescue practitioners said when handing over the aircraft, subsidiaries including low cost arm Mango and maintenance firm SAA Technical remain under financial strain and are in the process of being recapitalized. The Department of Public Enterprises and the new consortium will together assess the future of the divisions as part of the due diliegence process, Gordhan said.
Source: Bloomberg

Saudia hiring in Belgrade

NEWS FLASH

Saudi Arabian Airlines is hiring Serbian cabin crew members. The carrier will host an open day on October 1 and 2 at the Metropol Palace Hotel (Kralja Aleksandra 69) from 11.00 CEST. Requirements include age between twenty and thirty years, arm reach of 212 cm on tip toes, as well as high school education and an intermediate knowledge of English. Some of the benefits being offered are a tax-free salary, medical treatment and insurance, as well as discount or free of charge tickets. Those interested in attending the open day must bring with them four passport photos, an English CV, passport and their highest education diploma (translated in English). No prior registration is required. The carrier, as well as its low cost offshoot flyadeal, have been hiring an increasing number of Serbian nationals, both among pilots and cabin crew. Air Serbia’s former CEO, Dane Kondić, now serves as Saudia’s Chief Commercial Officer.

Comments

Anonymous14:27
In Serbia it's called hiring, in Bosnia it's called Saudi-influence.
ReplyDelete
Replies
Anonymous15:47
Saudia is a good airline if you are willing to blend in.
No alcohol, segregation of genders, thats all doable if you have self discipline and yes there are a lot of people that can bear that !
Thus i wish them well and best greetings to all Saudia staff, not only Serbian but everyone !
ReplyDelete
Replies
Anonymous02:05
Please lead the way!
ReplyDelete
Replies
Anonymous03:02
The Kingdom of Saudi Arabia will for the first time in its history issue tourist visa .
I would like to see Saudia or even their daughter company Flyadeal start flying to Belgrade !

It would be wonderful if the Serbian government would make visa access easier for visitors from the Kingdom if they have booked with a travel agency .
ReplyDelete
Replies
Rodney Marinkovic11:38
Happy to see Denny Kondic on such high position
In Saudia.
Rodney Marinkovic. ✈🌍✈🔆💒🔅✈🌐✈
ReplyDelete
Replies

Add comment

Search This Site

Saudia hiring in Belgrade

Comments

Post a Comment