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Saudi airline flynas in talks to buy more jets – CEO

RIYADH (Reuters) – Saudi price range airline flynas is in negotiations with each Boeing and its present provider Airbus to purchase plane price $13 billion to $15 billion, Chief Government Bander al-Mohanna advised Al Arabiya in an interview revealed on Monday.

The service has elevated the variety of deliberate new orders to 250 plane and in addition plans to extend the variety of locations to 165 from 70, al-Mohanna was reported saying.

The acceleration within the airline’s development plans, which coincides with ambitions by Saudi Arabia to develop its airline business and change into a hub for tourism, was first reported by Bloomberg.

Flynas, part-owned by the funding agency of Saudi billionaire Prince Alwaleed Bin Talal, was launched as Nas Air in 2007 with an all-Airbus fleet.

The Riyadh-based low cost service, which competes with state-owned Saudi service flyadeal, ordered 80 A320neo-family jets in 2017, with buying choices for 40 extra.

In November, the airline’s chief govt stated flynas was in talks to train some or all the 40 choices, and business sources stated it had already reached an settlement that may see a few of these additional planes embody the long-range A321XLR mannequin.

As of the top of February, flynas operated {a partially} leased fleet of 39 Airbus jets, with additional 76 but to be delivered from the producer, in keeping with Airbus knowledge.

(Reporting by Lina Najem and Nayera Abdallah; Extra reporting by Tim Hepher; Modifying by Tomasz Janowski)



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