Saudi Arabia’s leading low-cost carrier, Flynas, has inked an agreement with Airbus for 120 A320neo family aircraft.
The $8.6 billion agreement, which includes 80 firm orders scheduled to be delivered from 2018 to 2026, was announced by chairman, NAS Holding Group, Ayed Al Jeaid and CEO, NAS Holding Group, Bander Al Mohanna.
The airline currently has 26 A320ceos in service and has successfully operated 260,000 flights since its launch in 2007.
“Flynas has come a long way very successfully to establish itself as a highly reputable airline in Saudi Arabia. With the introduction of new aircraft technology, we are confident of providing the best services to our guests. We also look forward to being the first airline in Saudi Arabia to be successfully listed in Saudi Stock exchange, which would offer equity ownership to the public to be a part of a great success journey,” stated Al Jeaid.
“The additional A320neo aircraft will continue to support Flynas’ growth plans as a leading low-cost carrier in Saudi Arabia’s fast-growing aviation sector,” noted chief operating officer, customers, Airbus, John Leahy.
“Today’s agreement further consolidates the aircraft’s popularity that has been endorsed by operators worldwide. The aircraft will offer a unique combination of unbeatable economics, fuel and cost efficiency and outstanding passenger comfort,” he concluded.