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Morocco may sell airline stake to Gulf

Posted 17 October 2012 · Add Comment

Reuters has reported that Morocco will offer to sell a 44% stake in Royal Air Maroc.

It is reported that the proposal for a partnership with the flag carrier will be made during King Mohammed's upcoming tour of Saudi Arabia, Qatar, the UAE, Kuwait and Jordan, which starts on Tuesday.

"We will listen to their (Gulf airlines) ideas about how they see this partnership ... For our part, we may propose the sale of up to 44 percent stake in RAM to the selected partner," an official source told Reuters.

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