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.
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.
