Shareholders : Yemen Government 51 % - Saudi Arabia Government 49% Yemenia is a shareholder in : - Felix Airways 25% - Saudi German Hospital 20% - Yemen Ground Handling 100% The history of Yemen Airways goes back to the second 40s. From 1949 until 1977, Yemen Airways had experienced moderate developments and different kinds of structural reforms. Its service had covered around 23 international destinations within 3 continents – Asia, Africa, and Europe and with good reputation in service and excellent safety records that it was awarded the Certificate of Membership for the years 1988/1989 form FSF (Flight Safety Foundation) Inc. Also it had become a member of IATA, AACO and ICAO. Except for the year 1982, its bottom line of income statement was always positive.