North and South Yemen airlines to merge
Six years after North and South Yemen, became a single republic, their airlines are to merge into a single company.
Yemen Airways (Yemenia), based in the northern capital of Sana'a, was formed in the 1970s as a joint venture between the North Yemen Government and the Saudi Aragian flag carrier Saudia, which had a 40% stake.
Yemen Airlines (Al Yemda) was 100% owned by the Aden-based Government of the former People's Democratic Republic of Yemen.
Yemenia chairman Hassan Subhi says that Saudia will hold 49% of the merged company. The new company, as yet not named, will operate 12 aircraft, including tow Airbus A310-300s scheduled for delivery in 1997.
Source: Flight International
