Saudi flynas to expand its fleet and route network

RIYADH, SAUDI ARABIA — Saudi Arabia's low-cost airline operator flynas is reportedly in talks with both Boeing and its current supplier Airbus to buy more aircraft valued at $13 billion to $15 billion, Chief Executive Bander al-Mohanna told Al Arabiya news agency.

Besides fleet expansion, the Saudi carrier has also ambitious plans to grow its route network remarkably. flynas is planning to increase the number of aircraft in its orderbook to 250 aircraft and add 95 new routes.

The airline's growth plan is in line with Saudi Arabia's efforts to develop its airline industry and become a hub for tourism. flynas has begun its operations in 2007 with an all-Airbus fleet. The Riyadh-based budget airline ordered 80 A320neo-family jets in 2017, with purchasing options for 40 more.

flynas is currently operating a partially leased fleet of 39 Airbus jets, with further 76 yet to be delivered from the manufacturer, according to Airbus data.
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