VOL. XLIII
No. 21
22-May-2000
JORDAN
Royal Jordanian Airlines Expects 100% Divestment This Year Despite Skeptical Market
Royal Jordanian Airlines is planning to privatize 100% of the company this year and is actively looking for investors following a number of measures undertaken to improve financial performance. According to the airlines Director General Nadir Zahabi, quoted in an interview with AFP on 7 May, these measures resulted in net profits of $36mn in 1999 following years of financial...
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