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Flynas’ market share may rise to 30% – CEO

Flynas’ market share may rise to 30% – CEO
Flynas will develop its planes

Riyadh – Mubasher: Flynas is expected to raise its market share to 30% in the coming period, as part of Saudi Vision 2030 which aims to double aviation sector’s share in the gross domestic product (GDP) said the CEO Bandar Al-Mohanna.

Flynas will develop its planes, in addition to implementing further expansion into Saudi Arabia and abroad, Alhayat newspaper reported, citing Al-Mohanna as saying.

In August 2018, the Saudi Arabian budget airline will get new aircraft of the model A320neo that use new technology and consume less fuel, the CEO added.

In the beginning of 2018, Flynas has upgraded its air cabins with new seats, as well as it will provide WIFI access for its passengers in the coming period.

In  2017, Flynas’s chairman stated that the company plans to implement initial public offering (IPO) to be listed on the Saudi Stock Exchange (Tadawul).