Saturday, October 21, 2017, 8:39 am

Flynas orders Airbus aircraft worth $8.6 billion

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DUBAI: Saudi Arabia’s flynas has finalized $8.6 billion order for Airbus aircraft, the low-cost carrier announced on Thursday.

“Kingdom Holding Company (KHC), chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud announces that Flynas in which KHC owns a 34.08% stake, finalizes a $8.6billion deal with Airbus for the purchase of new aircrafts. The ceremonial event will take place on Monday 16th January 2017,” the company said in a statement on its website.

It gave no details of the number or type of planes that flynas will acquire but a source close to the negotiations told AFP they are from the A320 family of single-aisle aircraft.

Bloomberg News reported Wednesday that a flynas order for A320 short- to medium-haul jets was imminent, and that the airline had been considering a deal for 60 planes with an option on 40 more.

The 10-year-old airline exclusively operates the A320, with a fleet of 29 as of last February, according to its website. It serves 33 domestic and international destinations in the Arabian Peninsula and immediate vicinity.

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