Saudia Group has entered into a 13-year maintenance agreement with Air France-KLM Group, under which Air France Industries (AFI) will provide comprehensive support for 86 GE90 engines powering Saudia’s Boeing 777 fleet. The agreement represents one of the largest long-term engine maintenance contracts involving the GE90, the world’s most powerful commercial jet engine.
flynas, Saudi Arabia’s leading low-cost airline, has officially begun trading its shares on the Riyadh stock exchange, marking a significant milestone in its growth trajectory and the development of the Kingdom’s aviation sector. The public market debut places the airline’s valuation at approximately $3.65 billion, a reflection of investor confidence and the company’s strong position in the…
Flynas, a Saudi Arabian low-cost carrier, has announced the expansion of its fleet with the addition of two narrowbody aircraft. The airline took delivery of one Airbus A320neo, bearing serial number 12658, powered by LEAP-1A26 engines, and added one Boeing 737-8, serial number 43014, through a wet lease from Batik Air Malaysia, equipped with LEAP-1B25 engines.
flyadeal, the Saudi low-cost carrier and subsidiary of Saudi Arabian Airlines (Saudia), has taken delivery of two Airbus A320 aircraft on wet lease from Cebu Pacific of the Philippines. The aircraft, identified by manufacturer serial numbers (MSNs) 5515 and 5179, are powered by CFM International CFM56-5B4/3 engines.
Riyadh Air, the new Saudi Arabian carrier backed by the kingdom’s Public Investment Fund (PIF), has placed a firm order for 25 Airbus A350-1000 aircraft, marking a critical step in building its long-haul, full-service fleet. The agreement includes the option to increase the order to 50 aircraft, showcasing the airline’s ambitious growth trajectory.
AviLease, the Saudi Arabia-based aircraft leasing firm, has announced a major fleet acquisition plan with Airbus, placing firm orders for 10 A350F freighters and 30 A320neo Family aircraft. The agreement includes provisions to expand the order to as many as 22 A350Fs and 55 A320neos, reflecting the company’s long-term growth strategy.
Riyadh Air, the new Saudi Arabian carrier backed by the Public Investment Fund, is expected to announce a firm order for 25 Airbus A350-1000 aircraft during the upcoming Paris Airshow. The move marks a significant step in the airline’s high-profile fleet acquisition strategy ahead of its planned launch.
flyadeal (Saudi Arabia) CEO Steven Greenway has strongly criticized Airbus for persistent delays in the delivery of narrowbody jets, warning that these disruptions could also impact the airline’s plans for newly ordered A330neos. This public rebuke underscores the growing frustration among airlines that rely on timely aircraft deliveries to execute their fleet renewal and expansion strategies.
Cebu Pacific of the Philippines and flyadeal of Saudi Arabia have signed a Memorandum of Understanding (MoU)aimed at exploring strategic joint commercial initiatives between the two low-cost carriers. The agreement outlines the mutual intention to collaborate in optimizing aircraft utilization and expanding seasonal capacity through wet lease arrangements involving their Airbus A320 fleets.
flynas, the Saudi Arabian low-cost carrier, has officially priced its initial public offering (IPO) at $21.30 per share, successfully raising $1.1 billion. The offering saw overwhelming demand from institutional investors, achieving a remarkable 100-times oversubscription, and valuing the airline at approximately $3.6 billion.
