Saudi's flynas strikes deal for 75 Airbus A320neos, 15 A330s

Low-cost Saudi airline flynas has signed a memorandum of understanding with Airbus for 75 of its narrow-body A320neo family aircraft and 15 of its wide-body A330-900 jets, the companies said at the Farnborough Airshow on Thursday. The A320neo deal is worth about $4b and the A330 deal about $1.7b, according to estimated delivery prices from Cirium Ascend. Reuters reported that flynas was negotiating an A330 deal ahead of the air show. "The A320neo family provides exceptional operational performance and environmental benefits, allowing us to offer unique, low-cost travel experiences," flynas CEO Bander Almohanna said in a statement. "Additionally, the A330neo will enhance our long-haul capabilities with its advanced technology and efficiency while supporting our growth plans and Saudi Arabia’s pilgrim program."<br/>
Reuters
https://www.reuters.com/markets/deals/saudis-flynas-strikes-deal-75-airbus-a320neos-15-a330s-2024-07-25/
7/25/24