Libanet, an aviation industry services provider, has signed a three year-aircraft Fleet Services contract with Saudia Ground Services Company (SGS) to provide services in Saudi Arabia’s four largest airports.
As part of the contract Libanet has committed to perform services to more than 320,000 aircrafts of all carriers in Riyadh, Jeddah, Dammam and Madina airports.
“This agreement is in line with Libanet’s vision and 2011 strategic decision to expand in the Saudi market”, commented Tony Saade, CEO and founder of Libanet.
“Services outsourcing in the aviation industry is a growing trend given the restricted Labour Laws whether for airports facilities, management activities or aircrafts related services, which all represent the core activity of the company,” he added.
The agreement comes at a time when Saudi Arabia is seeing flights to its country soar, in line with GACA (General Authorities of Civil Aviation) long-term strategy to build and renovate its domestic and international hubs to accommodate a projected 3 years’ traffic flow of 57 million passengers.