Friday, 13 January 2017

Saudi airline flynas in USD 8.6 bn Airbus deal

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Riyadh, Jan 12 (AFP) Saudi low-cost carrier flynas has concluded an USD 8.6 billion purchase deal with Airbus, a major shareholder said today. Kingdom Holding Co, which owns a 34 percent stake in the airline, said flynas has finalised the "deal with Airbus for the purchase of new aircraft." 

The statement gave no details of the number or type of planes that flynas will acquire. The 10-year-old airline operates both domestic and international routes.

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