Tags: ML | Saudi | Flynas | Airbus

Investor: Saudi Airline Flynas to Buy $8.6B in Airbus Planes

Thursday, 12 January 2017 09:25 AM

DUBAI, United Arab Emirates (AP) — A major shareholder in Saudi airline Flynas says the discount carrier has reached a deal to buy $8.6 billion worth of planes from European plane-maker Airbus.

Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding Company announced the deal Thursday, though it did not say how many aircraft or what type were involved. Kingdom owns just over a 34 percent stake in the Riyadh-based airline.

Airbus declined to provide details other than to confirm that a formal announcement was expected Monday. Flynas could not be reached for comment.

Flynas is a low-cost airline previously known as Nas Air that flies to domestic Saudi and regional destinations.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
MiddleEast
A major shareholder in Saudi airline Flynas says the discount carrier has reached a deal to buy $8.6 billion worth of planes from European plane-maker Airbus.Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding Company announced the deal Thursday, though it did not...
ML,Saudi,Flynas,Airbus
110
2017-25-12
Thursday, 12 January 2017 09:25 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved