SAUDI Arabia's Flynas is reportedly discussing with Airbus SE for a potential jet order, aiming to enhance its operations and compete more effectively with regional rivals, reports Bloomberg.
Sources familiar with the matter suggest that an agreement between the carrier and the European planemaker could be announced during the Paris Air Show, though discussions remain confidential.
Flynas has previously expressed its intentions to establish local units in two additional countries as part of its strategy to become the largest discount carrier in the Middle East.
As a specialist in budget travel, Flynas currently operates an all-Airbus fleet and recently placed orders for a combination of A320neo and A321XLR aircraft.
The airline also utilises a small number of Airbus A330 widebody units primarily for the Hajj pilgrimage.
While talks between Flynas and Airbus are ongoing, it is uncertain if an agreement will be reached in the near future, according to the sources.
Both Airbus and the airline declined to comment on the potential order.
To reduce dependence on oil and transform into a top global tourism destination by 2030, saudi Arabia is injecting investments into the aviation industry.
Flynas, which originally began operations as Nas Air in 2007, is partially owned by Kingdom Holding Co, the investment vehicle of Saudi billionaire Prince Alwaleed Bin Talal.
Last year, Flynas announced plans to expand its existing jet orders to a total of 250 aircraft.
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Sources familiar with the matter suggest that an agreement between the carrier and the European planemaker could be announced during the Paris Air Show, though discussions remain confidential.
Flynas has previously expressed its intentions to establish local units in two additional countries as part of its strategy to become the largest discount carrier in the Middle East.
As a specialist in budget travel, Flynas currently operates an all-Airbus fleet and recently placed orders for a combination of A320neo and A321XLR aircraft.
The airline also utilises a small number of Airbus A330 widebody units primarily for the Hajj pilgrimage.
While talks between Flynas and Airbus are ongoing, it is uncertain if an agreement will be reached in the near future, according to the sources.
Both Airbus and the airline declined to comment on the potential order.
To reduce dependence on oil and transform into a top global tourism destination by 2030, saudi Arabia is injecting investments into the aviation industry.
Flynas, which originally began operations as Nas Air in 2007, is partially owned by Kingdom Holding Co, the investment vehicle of Saudi billionaire Prince Alwaleed Bin Talal.
Last year, Flynas announced plans to expand its existing jet orders to a total of 250 aircraft.
SeaNews Turkey