/ / / / /

Saudi LCC Sama Parks Its Planes after Only a Few Years in the Air

August 26, 2010 at 8:35 AM | by | ()

We haven’t had a low cost carrier shut down in a few months, but we knew we wouldn’t make it to the end of the year before finding out about another one. Sama—an LCC from Saudi Arabia—shut things down at the beginning of the week after losing around $266 million.

The airline thought that the government would kind of help them out with things like fuel subsidies, but apparently the help never came through. Sama officials even went looking for some rich people to assist them with one last infusion of cash, kind of like Mexicana, but that also didn’t work out.

Just in case this carrier appears in an airline industry version of Trivial Pursuit any time soon, Sama utilized six Boeing 737-300 aircraft and had ten different destinations before things went sour.

If you really had your heart set on zooming in and out of Saudi Arabia, there may still be a shimmer of hope. The company’s CEO did state that they hope to find some money to resume flights within the next few days. For now the planes remain parked, and we have a feeling they’re going to stay that way.

Related Stories:
· Saudi Low-Cost Airline Sama to Cease Operations After $266 Million Loss [Bloomberg]
· Viva Macau Runs Out Of Gas, Becomes Latest Airline To Fail [Jaunted]
· Low Cost Carriers coverage [Jaunted]

[Photo: Official Site]

Archived Comments: