flynas signs deal to buy 160 Airbus aircraft

- A Monitor Desk Report Date: 26 July, 2024
flynas signs deal to buy 160 Airbus aircraft

Farnborough, UK:  Saudi Arabia-headquartered flynas, on Thursday (July 25), announced it signed an MoU with France’s Airbus for 160 jets, including 75 A320neo family aircraft and 15 A330-900 widebodies.

flynas, an all-Airbus operator, said separately that it also has options for 55 A320neos and 15 A330s, the airline has said. The planes have a catalogue price totalling $13 billion.

Airbus and flynas said in a joint statement that the agreement will expand the airline’s capacity and range and enhance its overall fleet capabilities.

The companies said the new aircraft will join the carrier’s fleet to serve international, domestic and regional routes on the fourth day of the Farnborough International Airshow, UK.

Bander Almohanna, CEO and Managing Director of flynas, said, “This agreement to purchase 160 Airbus aircraft reinforces our determination to establish flynas as a leading global low-cost carrier. By doubling our order volume to 280 Airbus aircraft, we ensure sustainable growth across our network of regional and international routes, spanning short, medium, and long-haul flights."

"Notably, this is our first order for the wide-body A330neo with Airbus, with deliveries starting in 2027. This will enable us to explore new long-haul markets and offer more seat capacity, with diverse and innovative products to our passengers," he said. 

Almohanna added, “Additionally, the A330 will enhance our long-haul capabilities with its advanced technology and efficiency while supporting our growth plans and Saudi Arabia’s pilgrim program.”

Last year, during the 2023 Paris Air Show, flynas signed an agreement with Airbus for 30 additional A320neo aircraft as part of fleet expansion from the previous order for 120 aircraft that was signed in 2016.

-B

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