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Prince Alwaleed bin Talal-Backed Flynas Taps Morgan Stanley, Goldman for IPO
Saudi Arabia’s Flynas, backed by billionaire Prince Alwaleed Bin Talal, has hired Goldman Sachs Group Inc., Morgan Stanley and Saudi Fransi Capital for a potential initial public offering in Riyadh, according to a report in Bloomberg.
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Saudi Arabian Low-Cost Carrier Flynas is in Talks for an Airbus SE Jet Order – Reports
Saudi Arabian low-cost carrier Flynas is in talks for an Airbus SE jet order, people familiar with the matter told Bloomberg, as the main challenger to U.S.-based Boeing eyes major deals from growing Middle East carriers.
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Physician-scientist Dr. Doaa Alsaleh MD joins The 966, plus a new visa to visit Saudi and much more
In Episode 74, a conversation with Dr. Doaa Alsaleh MD, a physician-scientist at the Icahn School of Medicine at Mount Sinai in New York City on her journey, work, research, and future before returning to work in Saudi Arabia soon. Dr. Doaa was born in Saudi Arabia, got her medical degree in Bahrain, and is now […]
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Saudi Arabia’s Flynas Eyes Overseas Expansion in Bid to Reach Top 5 Lowcost Carriers Globally
Saudi Arabia-based low-cost carrier Flynas said its board approved establishing local units outside the Kingdom’s borders in two more countries “as part of a plan to become the Middle East’s largest discount airline and one of the five biggest globally,” Bloomberg reports.
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Middle East Regional Carriers to Spend $765 billion by 2040 on Fleet Expansion, Boeing Says
Carriers in the Middle East are set to expand its fleet with an additional 2,980 commercial jets in the next two decades, spending upwards of $765 billion on new planes, major supplier Boeing said on Monday in Dubai. The new planes will be required to meet the strongly recovering demand for both passenger and cargo […]
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Saudi Arabia’s New Airline ‘RIA’ Reportedly to Launch Soon with $30 Billion to Take On Regional Rivals
Saudi Arabia is in the final stages of launching its multi-billion-dollar new international airline, which sources say is likely to be branded “RIA,” according to an exclusive Arabian Business report.
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Aviation Plans Set to be Revealed at Saudi Arabia’s Future Airport Development Summit Set for November in Riyadh
Saudi Arabia is set to launch a new event, the Saudi Airport Exhibition, which organizers are billing as the largest dedicated event for airport development in Saudi Arabia.
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Saudi Arabia’s Inaugural ‘Future Aviation Forum’ Begins May 9
Saudi Arabia is hosting the inaugural Future Aviation Forum next week, a new annual event that aims to seize the opportunity of a “pivotal moment for the global aviation sector,” a Saudi official said.
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Former USMTM Chief Col. Brad Gandy Joins The 966 to Talk U.S.-Saudi Defense, Security Partnership and More
Episode 33! On last week’s episode, we talked about the huge transformation going on in Saudi Arabia’s military and USMTM’s role in it with author Bilal Saab, who has a book coming out on the subject. This week, the head of the USMTM from 2019-2021, Col. Brad Gandy, who heard last week’s episode and agreed […]
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Saudi Arabia: Flynas airline receives the 50th Airbus A320neo
Saudi low-cost airline Flynas has received its 50th A320neo airliner from Airbus, out of an order of more than 100 aircraft, as it continues its growth and expansion plan.
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Saudi airline flynas carries over 11m passengers in 2023, up 28%
Saudi airline flynas on Monday reported record results for 2023, with passenger numbers rising by more than 28 percent over the previous year to more than 11.1 million. The low-cost carrier took delivery of 19 new aircraft during the year, increasing its fleet size to 64, a rise of more than 35 percent. In a statement, flynas said that it was moving forward with a strategic plan for growth and expansion under the slogan “We Connect the World to the Kingdom.”
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Saudi airline flynas carries over 11m passengers in 2023, up 28%
Saudi airline flynas on Monday reported record results for 2023, with passenger numbers rising by more than 28 percent over the previous year to more than 11.1 million. The low-cost carrier took delivery of 19 new aircraft during the year, increasing its fleet size to 64, a rise of more than 35 percent. In a statement, flynas said that it was moving forward with a strategic plan for growth and expansion under the slogan “We Connect the World to the Kingdom.”
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Saudi Carrier Flynas Hires Goldman, Morgan Stanley for Potential IPO Next Year
Saudi Arabian low-cost carrier Flynas has hired Goldman Sachs Group, Morgan Stanley and Saudi Fransi Capital for a potential initial public offering on the Saudi Exchange (Tadawul), according to a Bloomberg report. Flynas expects to go public next year. Earlier reports had suggested that Saudi Arabian sovereign wealth fund — Public Investment Fund (PIF) had been in talks to buy a stake in Flynas. This week, the airline announced taking delivery of three Airbus A320neo aircraft, further upscaling its fleet to 63 aircraft.
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Saudi Carrier Flynas Hires Goldman, Morgan Stanley for Potential IPO Next Year
Saudi Arabian low-cost carrier Flynas has hired Goldman Sachs Group, Morgan Stanley and Saudi Fransi Capital for a potential initial public offering on the Saudi Exchange (Tadawul), according to a Bloomberg report. Flynas expects to go public next year. Earlier reports had suggested that Saudi Arabian sovereign wealth fund — Public Investment Fund (PIF) had been in talks to buy a stake in Flynas. This week, the airline announced taking delivery of three Airbus A320neo aircraft, further upscaling its fleet to 63 aircraft.
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Saudi Arabia: Flynas Taps Goldman, Morgan Stanley for IPO
Saudi Arabia’s Flynas, backed by billionaire Prince Alwaleed Bin Talal, hired Goldman Sachs Group Inc., Morgan Stanley and Saudi Fransi Capital for a potential initial public offering in Riyadh. The low-cost airline could go public as soon as next year, according to a statement from the company in response to questions from Bloomberg.
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flynas Becomes 1st Saudi Airline To Join UN Tourism Organization
Over the past few months, the airline has forged closer ties with the United Nations’ environmental and tourism agencies, including becoming the first Middle Eastern low-cost carrier to join forces with the United Nations Global Compact (UNGC) in August. The latest update sees flynas align with the UNWTO as an affiliate member, a first for Saudi Arabia.
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Saudi budget carrier flynas signs deal for 30 Airbus jets – state TV
Saudi budget airline flynas has signed a 14 billion riyal ($3.73 billion) agreement with Airbus to buy 30 aircraft, Saudi state TV reported on Monday.
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Saudi Arabia’s Flynas in Talks With Airbus About Placing Order
Saudi Arabian low-cost carrier Flynas is in talks for an Airbus SE jet order, according to people familiar with the matter, as airlines in the country bulk up operations to better compete with regional rivals. The carrier may announce an accord with the European planemaker as soon as the Paris Air Show starting early next week, said the people, asking not to be identified as discussions are confidential. The carrier said previously that it was considering establishing local units in two additional countries as part of a plan to become the Middle East’s largest discount carrier.
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flynas To Be The Largest Low-Cost Carrier In The Middle East & North Africa By 2030
flynas uses A320ceos, A320neos, and A330-300s, with A321XLRs on order as well. It has bases at Riyadh, Jeddah, and Dammam, with part of its network strategy to link as many of its destinations to each. Burge said a new base would open later this year, although he provided no further information. With 30% of flights, the Saudi capital, Riyadh, is by far flynas' largest base and 40%+ larger than number two, Jeddah. flynas' presence in Riyadh is about two and a half times that of Dammam.
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