NAS Holding appoints mew group CEO

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Updated 03 February 2015
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NAS Holding appoints mew group CEO

The National Air Services Group (NAS Holding) announced the appointment of Bandar Al-Muhanna as CEO of the group, replacing Sulaiman Al-Hamdan, former CEO of the group.
Ayed Al-Jeaid, chairman of the board at NAS Holding, said: "We extend our warmest congratulations to Al-Hamdan for the expression of royal trust manifested in his appointment as president of the General Authority for Civil Aviation (GACA) and would like to wish him all the success in his new position. This follows a successful journey filled with achievements at NAS Holding, where he successfully served as CEO of NAS Holding Group and leading a team of experts to build the group and turn it into one of the strongest emerging aviation companies in the region."
He added: "We’re also pleased to congratulate Al-Mohanna on his appointment as CEO of NAS Holding as the right person for this job. Since his appointment as CFO at NAS Holding in 2006, he was able to lead his team to realize the group’s vision and take it into new heights. Al-Mohanna is capable to lead NAS Holding Group toward continuous growth and development, which enabled him to assume the role of president in 2007, and then to the position of deputy CEO of the group. It is certain that his appointment as CEO will enable him to deploy his leadership skills in full capacity to propel the group forward,” Al-Jeaid said.
Al-Mohanna said: “I extend my deepest thanks and appreciation to the members of the distinguished board of directors for their trust. This is a big honor for me to be appointed to this important position, and I ask the Almighty Allah to help me to continue the successes and achievements of Al-Hamdan."
Al-Mohanna added, “We will seek to strengthen the excellent reputation enjoyed by the NAS Holding Group companies in the Saudi market and the world, with the support of all employees of the group and its companies, whom I am certain will do their best in assisting me on the success of my new mission."
In his previous role as deputy CEO, Al-Mohanna managed key companies under the NAS Holding Group, including flynas, the Saudi national carrier, and NasJet, the largest and fastest growing private aviation company in the Middle East in addition to flynas Haj and Umrah.
Al-Mohanna has a wealth of experience and has played a pivotal role in the development and growth of key companies and brands under the NAS Holding umbrella, especially flynas. In addition to that and due to his vast experience, he was able to successfully implement successful growth plans a strategic effectively enabling him to positively contribute to the operational excellence achieved by flynas.
Al-Mohanna has a master’s degree in and actuarial and financial math from University of Michigan Ann Arbor and another master’s degree in business administration from the American University in Washington DC, a bachelor of arts in accounting from King Saud University in Riyadh as well as a certificate of advanced management from Harvard University.


Tesla recalls more than 14,000 cars in China over Takata airbags

Updated 18 January 2019
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Tesla recalls more than 14,000 cars in China over Takata airbags

  • The US giant has already announced the recall of some Model S vehicles as part of a global industry-wide rooting out of parts made by Takata
  • The affected vehicles in China are Model S cars made between February 2014 and December 2016

SHANGHAI: Electric-vehicle maker Tesla will recall 14,123 cars in China over airbags that contained a part made by now-defunct Japanese manufacturer Takata, the Chinese market regulator announced on Friday.
The US giant has already announced the recall of some Model S vehicles as part of a global industry-wide rooting out of parts made by Takata, which went bust in 2017 after its airbags were blamed for a number of deaths.
The affected vehicles in China are Model S cars made between February 2014 and December 2016, the State Administration of Market Regulation said.
It said the cars’ passenger-side airbags were equipped with an ammonium nitrate propellant made by Takata, which was at risk of breakage that could result in the ejection of debris.
Tesla will replace them, it said.
Tesla declined comment on Friday, but an announcement on its website said the “recall of the front passenger airbags in 2012 Model S vehicles began in January 2017, was extended to 2013 Model S vehicles in January 2018, and is now being extended to 2014-2016 Model S vehicles in January 2019.”
Tesla does not announce how many cars it sells in China overall.
Tesla CEO Elon Musk was on hand earlier this month for the ground-breaking of a factory outside Shanghai, which the company says will eventually have an annual production capacity of 500,000 and is geared toward meeting growing Chinese demand for electric vehicles.