nasair looking at IPO in two to three years

Saudi-based LCC nasair is looking towards the possibility of an IPO as early as 2012 or 2013. The carrier, now Saudi Arabia’s sole LCC after the failure of Sama in Aug-2010, expects to move into profitability in 2011 and from there progress towards an IPO. [1140 words]

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This report contains the following subheadings:

• From start-up to break-even
• Finishing 2010 with a flourish
• A new base for nasair
• Sama falls by the wayside, nas picks up the pieces

This report contains the following charts and tables:

• nasair route map
• nasair top route pairs: Week commencing 14-Dec-2010