Saudi Arabia’s Flynas Airline to Order 250 Planes in Tourism Push - Bloomberg
Saudi Arabian discount airline Flynas doubled its growth plan, saying it will expand orders to 250 aircraft and tap a government push to build tourism in the Gulf kingdom.
The strategy is aimed at establishing Flynas as the largest low-cost carrier in the Middle East, the company said in a statement Monday, ahead of rivals including United Arab Emirate-based FlyDubai and Air Arabia. Discussions are under way with both Airbus SE and Boeing Co., according to a spokesman.
Flynas currently operates 35 planes but is targeting rapid expansion as Saudi Arabia seeks to attract 100 million tourists by 2030, five times the 2019 level, as part of a bid to diversify away from oil. To hit that target, the country aims to invest billions of dollars in airports and aircraft to boost transport links.
The fleet at Flynas, which is based in the Saudi capital Riyadh, currently features only Airbus narrow-bodies, though the carrier has said before that long-haul models are under consideration.
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