Flynas buys 10 Airbus A321XLR for $10 bln

19/11/2019 Argaam

 

Flynas, 37% owned by Kingdom Holding Company, signed an agreement with Airbus to buy 10 A321XLR aircraft worth $10 billion, it said in a statement.

 

The new deal, which was signed on the sidelines of the Dubai Airshow, will increase the number of aircraft ordered from Airbus to 90.

 

Bandar Almohanna, CEO of flynas, said that the new plans will expand the reach of flynas network to much farther destinations with support of significantly longer flying range compared to the existing A320neo order.

 

He added that signing the deal comes in line with Saudi Arabia’s Vision 2030.

 

According to data compiled by Argaam, Saudi Arabia’s first low-cost airline inked an agreement with Airbus to purchase 80 aircraft worth $8.6 billion.

 

In June 2019, flynas bought 20 planes of A321LR and A321XLR family with a total value of SAR 9 billion

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