Arab Press

بالشعب و للشعب
Wednesday, Jul 02, 2025

Saudi Arabia’s flynas eyes expansion with new units in two more countries: Report

Saudi Arabia’s flynas eyes expansion with new units in two more countries: Report

Saudi Arabian low-coast air carrier flynas is eyeing to expand its global presence by opening new units in two countries, according to a report.  
The airline’s move comes in line with its goal to become the Middle East’s largest discount airline and one of the five biggest globally, Bloomberg reported citing a company statement. 

The report further noted that flynas would seek Air Operator Certificates in two unidentified countries, in an attempt to double its scale of operations.   

Saudi Arabia is pumping billions of dollars into the aviation sector, as tourism is set to be one of the main pillars of its economy in the future. This comes as the Kingdom is steadily diversifying its revenue in line with the goals outlined under Vision 2030.  

The Riyadh-based airline is looking to play part in the Kingdom’s aviation push, with a plan to expand its existing fleet to 250 while also adding widebody models such as the Boeing 787 and Airbus SE A350 to its existing array of narrowbody carriers.   

Earlier in January, flynas revealed that it doubled its annual growth in operation and performance during 2022, as passengers increased by 91 percent to 8.7 million, flights by 45 percent to 66,000 and seat capacity by 46 percent. 

“The annual results confirm the progress in the company’s strategic plan with receiving of 8 new Airbus A320neo and joining 2 Airbus A330 aircraft, which will contribute to serving the pilgrims and Umrah performers as well as expanding to new markets,” Bander Almohanna, CEO and managing director of flynas, said in a press statement. 

Some of the key initiatives of the Kingdom’s National Aviation Strategy include opening a new airport in Riyadh and launching a new airline to cater to the increased demand.  

Both the airport and the airline will be owned by Saudi Arabia’s Public Investment Fund which holds $607 billion worth of assets under management, according to data from the Sovereign Wealth Fund Institute.  

Saudi Arabia’s National Aviation Strategy aims to increase air connectivity to 250 destinations, reaching 330 million passengers, and double air cargo capacity to 4.5 million tons by 2030.   
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Qatar Airways Clears Backlog of Passengers Following Missile Threats
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Netanyahu Signals Potential Regime Change in Iran
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
Iran Conducts Ballistic Missile Launches Amid Heightened Tensions with Israel
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
Shock Within Iran’s Leadership: Khamenei’s Failed Plan to Launch 1,000 Missiles Against Israel
UK Deploys Jets to Middle East Amid Rising Tensions
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
Wreck of $17 Billion San José Galleon Identified Off Colombia After 300 Years
Iran Launches Extensive Missile Attack on Israel Following Israeli Strikes on Nuclear Sites
Israel Issues Ultimatum to Iran Over Potential Retaliation and Nuclear Facilities
Coinbase CEO Warns Bitcoin Could Supplant US Dollar Amid Mounting National Debt
Trump to Iran: Make a Deal — Sign or Die
Operation "Like a Lion": Israel Strikes Iran in Unprecedented Offensive
Israel Launches 'Operation Rising Lion' Targeting Iranian Nuclear and Military Sites
Israeli Forces Intercept Gaza-Bound Aid Vessel Carrying Greta Thunberg
×