An agreement has been reached to sell 30 per cent of Saudi Arabian Airlines’ freight division to Tarabut Air Freight Services Company.The agreement, signed in September, will see Tarabut work as a strategic partner of Saudi Arabian Airlines in the freight sector, the Saudi Press Agency reported.Freight sector revenues rose above SR1.7 billion (US$453 million) and exceeded SR1 billion in the first half of 2008, which Khalid Bin Abdullah Almolhem, Saudi Airlines Director General, described … [Read more...] about Middle East: Saudi Airlines sells 30% of freight division