Saudi Arabian LCC Sama Ceases Operations

Saudi Arabia based low cost airline Sama has announced the carrier will be ceasing operations from today, after the carrier reported a 1 billion riyal ( USD266m ) loss.
The company had not been able to get government support.
CEO Bruce Ashby also mentioned that they tried to find strategic investors to pump necessary liquidity, but could not succeed.

Sama Fact File

IATA : ZS
ICAO : SMY
Call Sign : NAJIM
Chairman : Prince Bandar Bin Khalid Al Faisal
CEO : Bruce Ashby
Fleet : 6 737-300 ( Built between 1989-1997 )
Destinations : 10 ( 7 international )

Dammam based Sama used to compete with Riyadh based Nas, the only other LCC in the kingdom.

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