Saudi Global Ports – the newest kid on the IPO block
More pros than cons
VW: MASSIVE JOB CUTSFDXF: FIRST TRADING UPDATE EXPD: MORE BULLISH THAN BEARISHFWRD: HUNTING FOR VALUEFDX: CAPITAL STRUCTURE ADJUSTMENTPLD: DOWN SHE GOESPLD: REIT DEAL-MAKINGFDX: HOLDING UPVW: BIG DIVESTMENTAMZN: AI INVESTMENTMAERSK: ANOTHER UPGRADE GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMSFDX: CONF CALL
VW: MASSIVE JOB CUTSFDXF: FIRST TRADING UPDATE EXPD: MORE BULLISH THAN BEARISHFWRD: HUNTING FOR VALUEFDX: CAPITAL STRUCTURE ADJUSTMENTPLD: DOWN SHE GOESPLD: REIT DEAL-MAKINGFDX: HOLDING UPVW: BIG DIVESTMENTAMZN: AI INVESTMENTMAERSK: ANOTHER UPGRADE GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMSFDX: CONF CALL
It is expected that the current year will witness the addition of three new destinations to air cargo services aboard Saudi Airlines passenger aircrafts to Munich, Ankara and the Maldives. Saudia Cargo has announced the flights schedules starting from April 2016 to the Maldives with two and Munich will start in July with ten weekly flights, respectively. The last quarter of the same year will witness four weekly flights to Ankara. The cargo services will be available aboard Boeing aircrafts model B777 and Airbus A320/A330 departing to the same destination. The classifications of these aircrafts are capable of transporting large amounts of cargo exceeding thirty tons.
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