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.
AviLease, the Saudi Arabian aircraft leasing company, has announced its first direct order with Boeing, marking a significant milestone in its growth strategy. The deal includes a firm commitment for 20 Boeing B737-8 aircraft, along with options for an additional 10 units. This order signals AviLease’s long-term confidence in the demand for narrowbody jets and its ambition to…
flynas, the Saudi Arabian low-cost airline, has achieved a remarkable milestone by completing its initial public offering (IPO) of US$1.1 billion on the Riyadh stock exchange. The offering was met with extraordinary demand, as all shares were sold within minutes of opening. The IPO represents approximately 30% of the company’s share capital, indicating a strong appetite among investors for exposure to Saudi…
flynas, the Saudi Arabian low-cost carrier, has expanded its modern narrowbody fleet with the delivery of one Airbus A320neo, identified by serial number 12614 and powered by LEAP-1A26 engines. This latest addition reinforces flynas’ ongoing commitment to operate a young and fuel-efficient fleet optimized for regional and international connectivity.
Riyadh Air is positioning itself to take advantage of escalating trade tensions between the United States and China by expressing readiness to purchase Boeing aircraft originally intended for Chinese airlines. According to CEO Tony Douglas, the Saudi Arabian startup carrier is prepared to move quickly should these aircraft become available, a strategic decision aimed at accelerating Riyadh Air’s ambitious growth plans.
flynas, the Saudi Arabian low-cost carrier, has added another Airbus A320neo to its growing fleet as part of its ongoing expansion plan. The newly delivered aircraft, bearing serial number 12506, is powered by LEAP-1A26 engines, offering improved fuel efficiency and performance for regional and medium-haul operations.
flynas (Saudi Arabia) is significantly expanding its summer 2025 network with the addition of six new destinations, including Milan (Italy), Geneva (Switzerland), Krakow (Poland), Rize (Turkey), Casablanca (Morocco), and a new direct route between Jeddah and El Alamein (Egypt). These additions will bring the airline’s summer route network to over 20 cities, further reinforcing its role as a key player in regional and international low-cost travel.
Riyadh Air, the ambitious new national carrier of Saudi Arabia, has achieved a key regulatory milestone with the issuance of its Air Operator Certificate (AOC) by the General Authority of Civil Aviation (GACA). This official approval authorizes the airline to commence commercial flight operations, marking the operational launch phase of one of the kingdom’s most high-profile aviation ventures.
AviLease, the Saudi Arabian aircraft leasing company, has signed strategic long-term lease agreements with Turkish Airlines for a total of eight Airbus A320neo aircraft. Under the terms of the deal, two aircraft have already been delivered, with the remaining six scheduled for delivery throughout 2025.
flynas, a leading low-cost airline based in Saudi Arabia, is gearing up for a significant financial move by planning to float on Riyadh’s stock exchange. The airline has announced its intention to offer a 30% stake in its initial public offering (IPO).
