www.arabnews.comThe Jordanian government disclosed plans for privatizing its national carrier, Royal Jordanian (RJ), as of the beginning of the next year.
أ¢â‚¬إ“The government, in its capacity as the owner of RJ, has decided to start privatization of the company as of the beginning of next year,أ¢â‚¬آ the RJأ¢â‚¬â„¢s Director General and CEO, Samer Majali, told a press conference.
He said that the government would continue to have a 26 percent stake in the privatized firm, while both the countryأ¢â‚¬â„¢s public and private sectors would have a controlling interest of 51 percent.
أ¢â‚¬إ“We are currently in the process of choosing a technical, financial and legal adviser from a number of bidders for evaluating the firmأ¢â‚¬â„¢s assets and overseeing the privatization process,أ¢â‚¬آ Majali said.
He pointed out that the firm, which currently has 3,700 employees and 51 stations throughout the world, achieved net profits of 22 million dinars ($31 million) in 2005. However, he indicated that the RJأ¢â‚¬â„¢s profits in 2006 could go down because of the November 2005 suicide bombings at three Amman hotels that adversely affected tourism in Jordan in the first months of this year. |