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  • flynas To Be The Largest Low-Cost Carrier In The Middle East & North Africa By 2030

    flynas uses A320ceos, A320neos, and A330-300s, with A321XLRs on order as well. It has bases at Riyadh, Jeddah, and Dammam, with part of its network strategy to link as many of its destinations to each. Burge said a new base would open later this year, although he provided no further information. With 30% of flights, the Saudi capital, Riyadh, is by far flynas' largest base and 40%+ larger than number two, Jeddah. flynas' presence in Riyadh is about two and a half times that of Dammam.

  • Saudi Arabia’s Wealth Fund PIF Eyes Flynas Stake to Bolster Tourism

    Flynas had also been planning a potential listing, the people said, though this might be delayed if the stake sale to PIF goes ahead. The carrier has been weighing an IPO since 2008 and in 2018 hired Morgan Stanley, Citigroup Inc. and NCB Capital for a potential deal, Bloomberg News reported.

  • Saudi Arabia’s Wealth Fund PIF Eyes Flynas Stake to Bolster Tourism

    Flynas had also been planning a potential listing, the people said, though this might be delayed if the stake sale to PIF goes ahead. The carrier has been weighing an IPO since 2008 and in 2018 hired Morgan Stanley, Citigroup Inc. and NCB Capital for a potential deal, Bloomberg News reported.

  • Saudi Low Cost Carrier Flynas Eyes Expansion With Overseas Units

    Saudi Arabia-based carrier Flynas said its board approved establishing local units in two more countries as part of a plan to become the Middle East’s largest discount airline and one of the five biggest globally. Flynas, headquartered in Riyadh, said it would seek so-called Air Operator Certificates in two unidentified countries as it looks to double the scale of its operations, according to a statement to Bloomberg.

  • Saudi Arabia’s flynas takes first widebody

    HZ-NE24 was delivered to Jeddah on October 24, followed by HZ-NE22 on December 7. Neither has been deployed into revenue service so far. The two ex-Turkish Airlines aircraft are configured in a single-class layout, seating up to 337 passengers. They are both owned by Park Aerospace Holdings and managed by Avolon, the ch-aviation fleets ownership module shows.

  • Flynas welcomes 30 Saudi engineers to new ‘Future Engineers Program’

    Saudi Arabia’s budget airline flynas welcomed 30 Saudi engineers to into its new ‘Future Engineers Program,’ aiming to promote and localize jobs in aircraft maintenance and engineering within the company, the official Saudi Press Agency reported on Sunday. The program comes as a strategic step that confirms the low-cost carrier’s effort to upskill Saudi youth, an initiative which is in line with the board of directors’ objective to increase the number of purchase orders of new aircraft to 250 as part of the airlines’ broader growth and expansion plans.

  • Saudi Carrier Flynas Agrees Sale-Leasebacks to Fund 14 New Jets

    Saudi Arabian discount airline Flynas agreed so-called sale-leaseback deals that will fund the purchase of 14 Airbus SE narrow-body jets. The accords with leasing firms CDB Aviation, CMB Financial Leasing and Avolon Holdings Ltd. cover part of a Flynas order for 120 Airbus A320neo aircraft, the carrier said in a statement Tuesday. It said the planes have a value of 6.6 billion riyals ($1.7 billion).

  • Saudi Budget Airline Flynas in Talks to Buy $15 Billion Worth of Aircraft

    Saudi budget airline flynas is in negotiations with both Boeing and its current supplier Airbus to buy aircraft worth $13 billion to $15 billion, Chief Executive Bander al-Mohanna told Al Arabiya in an interview published on Monday. The carrier has increased the number of planned new orders to 250 aircraft and also plans to increase the number of destinations to 165 from 70, al-Mohanna was reported saying.

  • Saudi Arabia’s flynas launches first direct international flights to AlUla, from Dubai

    Saudi Arabia's low-cost airline flynas is launching its first direct international flights to AlUla International Airport from the UAE and Kuwait from November 19. Domestic routes from Riyadh, Dammam and Jeddah have also been added to the roster. Three direct flights will operate weekly from Dubai to the ancient city while two weekly direct flights will take off from Kuwait City, the airline said. Additionally, there will be four flights a week from Riyadh and three weekly flights from Dammam and Jeddah.

  • Saudi Arabia’s Flynas low-cost airline enters Ukrainian market

    Saudi Arabia's Flynas low-cost airline is entering the Ukrainian market. In particular, it will provide regular flights between Ukraine and Saudi Arabia, as reported by Ukrainian Infrastructure Ministry's press service.