The forecast growth in worldwide demand for air travel and aviation services is cause for optimism at Kingdom Holding Company. Amadeus IT Group analysts confirm that Asia and the Middle East are leading these passenger growth trends – and air travel is closely linked with economic performance. Middle Eastern airlines are prospering at the high end of the quality scale, establishing themselves as serious competitors to Asian and European operators.
Recognizing the growth in premium global travel, KHC has identified chartered aviation as a major growth opportunity and made a significant investment in NAS Saudi Arabia. As Middle East travel is forecast to grow as much as 150 percent by 2021, KHC seeks additional complementary opportunities in this sector.
NAS Saudi Arabia
Kingdom Holding Company has a substantial shareholding in NAS, National Private Air Transport Services Company LLC, a private global air charter company providing domestic and international flight services, private jet sales and fleet management. Uniquely, the company’s management team consists …