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Saudi Arabian low-cost carrier Flynas said on Monday that it will buy 80 Airbus A320neo passenger jets at a list price cost of around $8.6 billion.
The order includes an upgrade of an existing order for 20 A320ceos (current engine option) to the new engine option (neo) version plus 60 new planes. The airline’s entire current fleet is leased. Ayed Al Jeaid, Chairman, NAS Holding Group said: “Flynas has come a long way to establish itself as a highly reputed airline in Saudi Arabia. With the introduction of the new aircraft technology, we are confident of our ability to provide best services to our customers. We also look forward to being the first airline in the Kingdom to be successfully listed on the Saudi Stock exchange, which will offer equity ownership to the public and be a part of a great journey.” In August of last year flynas leased the two 737s from Turkish budget carrier Pegasus. In October flynas and Pegasus announced a code-share arrangement. Pegasus flies 58 Boeing 737s and 21 Airbus A320s about half which are leased.
Delivery would begin next year and continue until at least 2026, flynas executives said.