RIYADH: Emirati carrier Air Arabia will continue operating flights to Russia as long as it is legal, said Air Arabia CEO Adel Ali.
However, Ali made it clear that the airline currently has no plans to operate additional services to Russia, reported Reuters.
“We as an airline operate to whichever airport that’s open for business and people are traveling. Our job is to connect people and as long as it is open, we will do that within the law. The moment legally we can’t fly to somewhere, we stop flying,” said Ali, while talking to reporters at a conference in Ras Al-Khaimah, UAE.
According to the Air Arabia CEO, it is too early to say how sanctions on Russia are going to impact operations there. He, however, said the suspension of flights to Ukraine will not have a significant impact on the airline.
The CEO said he is not concerned about the current surge in oil prices.
Air Arabia to continue operating flights to Russia as long as it is legal, says CEO
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Air Arabia to continue operating flights to Russia as long as it is legal, says CEO
No Saudi acquisition offers: FC Barcelona tells Al-Eqtisadiah
CAIRO: FC Barcelona has not received any offers, whether from Saudi Arabia or elsewhere, to acquire the club, according to an official source who spoke to Al-Eqtisadiah.
According to the source, the circulating news regarding the possibility of finalizing a deal to acquire the club in the coming period is a mere rumor.
Recent Spanish reports had indicated the possibility of a Saudi acquisition of Barcelona shares for around €10 billion ($11.7 billion), a move considered capable of saving the club from its financial crises if it were to happen, especially as it suffers from debts estimated at around €2.5 billion.
Sale not in management’s hands
Joan Gaspart, the former president of the club, confirmed that the current board of directors, chaired by Joan Laporta, does not have the right to dispose of the club’s ownership.
He added: “FC Barcelona is owned by about 150,000 members, and selling the club is something the owners will not accept. FC Barcelona possesses something no other club in the world has; money is very important, and so is passion, but the sentiment of the members today is to continue what the club has been for 125 years.”
High market value
Despite the financial crisis the club has been going through in recent years, FC Barcelona ranks sixth on the list of the world’s highest market value clubs, with an estimated value of €1.12 billion, according to Transfermarkt. Meanwhile, its rival Real Madrid tops the list with a market value of €1.38 billion.
