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FINANCIAL NEWS
Saudi Flynas eyes 20 percent growth
03 Apr 2014
(MENAFN) Chief executive of Saudi-based Flynas said that the company targets 20 percent growth annually after seven years of losses, according to Arab News.
Passengers of Saudi Arabia’s 28 airports exceeded 64 million in 2012, up 19 percent form 2011.
flynas CEO Raja Azmi said: “Until now we are actually not making a profit, but we hope to cross over this year. We have to grow very quickly and get critical mass.”
Azmi added: “We need to grow at least 20 percent a year. God willing, we hope to make a profit this year ” it won”t be much but it will be a profit.”
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