Shaheen Air Finalises | Acquisition Deal With Saudi Prince

KARACHI: One more time Shaheen Air International (SAI) on Thursday, 8 November claimed that it has finalised an acquisition deal with a Saudi prince and the takeover is likely to happen in the next two months.

Acting Chief Executive Officer Javed Sehbai said “We have finalised the deal with a Saudi prince. We will be conducting a press conference very soon to announce about our Investor and share the details of the acquisition. This deal will be a breakthrough for the airline as well as for Pakistani aviation industry itself.”

He added that “it’s a matter of few weeks that Shaheen Air will be in skies again and shine brighter than before. We are very thankful to our regulator Civil Aviation Authority and Federal Board of Revenue. Due payments of government regulatory bodies and our employees’ salaries are our first priority and will be cleared during the first stage of our investment plans”.

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