The incident happened shortly after jury selection for the hush-money trial was completed
Sama said in a statement the stoppage slated to begin on Tuesday would be temporary but did not say when it would resume operations.
“We were expecting an aid package from the government in the form of subsidies for fuel ..., necessary support to serve (Saudi) cities covered by the compulsory service and also a gradual increase in the prices of domestic flight tickets as well as financing needed to erase accumulated losses.
“We also sought to find strategic investors willing to invest in the company and inject the needed liquidity that would allow Sama to continue operations,” Sama said.
“None of these solutions proved conclusive,” it added.
Sama was one of three private low-cost carriers the Saudi aviation authorities have licensed to compete with national carrier Saudi Arabian Airlines. The civil aviation authority requires low-cost carriers to cover main domestic airports.
But the firms have been complaining that they were not on an equal footing with the state-owned carrier especially in the cost of fuel which the latter obtains at subsidised prices.
The incident happened shortly after jury selection for the hush-money trial was completed
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