CATERING entering into 2 contractual relations with Al Bayraq Airlines

14/04/2016 15:56 AST

Saudi Airlines Catering Company (SACC) announces the entering into two contractual relations with Al Bayraq Airlines, which is run by Saudia Private Aviation Company (SPA) on the 14TH April 2016 for the purpose of in-flight catering services and in-flight Skysales services for Al Bayraq business class flights scheduled to and from Jeddah and Riyadh.

The provisional value of the in-flight catering contract is seventy two million (72,000,000) Saudi Riyals. The forecasted sales value of the in-flight Skysales contract is nine million (9,000,000) Saudi Riyals. The term of both contracts shall be three (3) years effective from 1st May 2016 and ending on 30th April 2019. SACC expects a positive revenue starting from the second quarter of 2016.

Saudia Private Aviation Company (SPA) is an affiliate company to and owned by Saudi Arabian Airlines, which is one of the major shareholders of SACC and an associate company. The authentication of the contracts shall occur at the General Assembly meeting.

Tadawul