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FINANCIAL NEWS
Saudi’s Flynas to buy Airbus planes at USD8.6bn worth
12 Jan 2017
(MENAFN) Saudi Arabia’s Flynas has inked a deal with Airbus in order to buy planes worth USD8.6bn, as stated Kingdom Holding, which owns 34.1pct of the budget carrier.
Meanwhile, Airbus finished a deal to sell more than 60 jets to Flynas, while the order was predicted to cover more than 60 A320neo narrow body planes.
In addition, the A320neo sale would be Airbus’ first in the Middle East since Qatar Airways refused deliveries in Dec 2015 and would swap its order for a larger version.
The order, which would replace and expand a fleet of leased A320s, would give Flynas one of the largest Middle East low-cost fleets after state-owned FlyDubai.
M
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