DUBLIN, IRELANDDublin-based commercial aircraft lessor Jackson Square Aviation (JSA) has announced a purchase and leaseback financing for Saudi Arabia's Flynas with the delivery of three Airbus A320neo aircraft under long term leases.

“We are excited to provide a comprehensive financing solution to Flynas with the delivery of this latest technology and fuel-efficient A320neo aircraft and welcome the airline as our newest customer”, said Chris Dailey, JSA President, and Chief Commercial Officer.

Christophe Million-Rousseau, SVP Marketing & Capital Markets EMEA, added “We look forward to developing our relationship with Flynas in the years ahead, and supporting the airline’s fleet expansion plans as it continues to operate as one of the Middle East’s leading low-cost airlines”.

“Flynas is delighted to start a new relationship with Jackson Square Aviation, and we look forward to expanding business with JSA in the future to further strengthen the airline’s growth with a large order”, said Bander Almohanna, CEO & MD of Flynas, Saudi Arabia.

Saudi carrier operates a fleet of nearly 40 Airbus A320neo. The airline has a further 75 A320neo jets on order and 10 A321XLRs.