Saudi Arabia is becoming an ever-more important market for Wizz Air. The ultra-low-cost airline announced the launch of twenty new routes between Europe and Saudi Arabia from December to July next year on August 25. Wizz Air gets serious about…
Saudi Arabia’s long-term aviation vision has added a new chapter to its strategy book by announcing the establishment of a new aircraft leasing company, AviLease. The plan was announced on June 29 by the country’s Public Investment Fund (PIF), which…
Continued high fuel costs, operational disruptions at airports, air traffic management issues, and the resulting compensation to customers are expected to push Wizz Air into a first-quarter FY23 operating loss this summer. The ultra-low-cost carrier is particularly blaming supply chain/staffing issues…
Saudi Arabian low-cost airline flynas is set to drastically grow in the remainder of this decade. Its Board of Directors has ratified plans to more than double its fleet from the previously projected 120 aircraft to 250 aircraft in 2030, in…
Flynas, the first low cost airline in Saudi Arabia, has signed an MOU for 10 A321XLR aircraft. In addition, the carrier is converting 10 existing A320neo aircraft currently on order to the A321neo. Flynas currently operates 30 A320ceo and 2…
Two Reuters articles are recommended reading prior to our story here. First this one, which describes how OPEC is having a tough time curbing production. The previous swing producer, Saudi Arabia, says these cuts are only needed for six months. …