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NAS AIR IPO ON HOLD

Saudi Arabia’s Nas Air has put plans for an IPO on the backburner.

That’s what the airline’s CEO Francois Boutiller has told Zawya.

He says shareholders are still keen on going public, but that a difficult 2011 means the airline will wait a bit longer. 

Riyadh-based Nas Air is the Kingdom’s only low cost carrier.

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