Latest news with #BanderAlmohanna
Arabian Business
3 days ago
- Business
- Arabian Business
Saudi Arabia's flynas launches Riyadh to Damascus flights to boost Syria tourism
Saudi Arabia's flynas has announced the launch of direct flights between Riyadh and Damascus will start on June 5. Flynas is adding the Syrian capital to its growing to meet travellers needs and to enhance air connectivity between Saudi Arabia and the countries of the region. Adding Damascus to its expanding network is the latest step in the airline's growth and expansion plan. Flynas launches Saudi-Syria flights It also meets the objectives of the National Civil Aviation Strategy to enable national air carriers to contribute to connecting KSA with 250 International destinations and to accommodate 330m passengers and to host 150m tourists yearly by 2030 and the objectives of the Pilgrims Experience Program (PEP) to facilitate access to the Two Holy Mosques. Bander Almohanna, CEO and Managing Director of flynas, said: 'We are pleased to resume our flights to Syria. flynas has always been a pioneer in providing air routes between the Kingdom and various Syrian cities. 'We previously operated direct flights from Riyadh and Jeddah to Damascus, Aleppo, and Latakia, reaffirming our commitment to strengthening the connectivity between the two brotherly nations. Now, we are returning to relaunch our operations to the Syrian capital.' Flynas operates 139 routes to more than 70 domestic and international destinations in 30 countries with more than 2,000 weekly flights and has flown more than 80m passengers since its launch in 2007, with the aim to reach 165 domestic and international destinations within its growth and expansion plan, and in line with the objectives of Vision 2030.
Zawya
4 days ago
- Business
- Zawya
Flynas launches direct flights between Riyadh and Damascus as of June 5th
Riyadh: flynas, the leading low-cost airline in the world and the best LCC in the Middle East, announced launching direct flights Between Riyadh and Damascus as of June 5, adding the Syrian capital to its ever-growing network within the framework of the company's regional expansion, to meet travelers needs and to enhance air connectivity between Saudi Arabia and the countries of the region, and in line with the national objectives in the aviation sector in the Kingdom. Adding Damascus to flynas ever-expanding network is the latest step in its growth and expansion plan, launched under the title "We Connect the World to the Kingdom," in parallel with the objectives of the National Civil Aviation Strategy to enable national air carriers to contribute to connecting KSA with 250 International destinations and to accommodate 330 million passengers and to host 150 million tourists yearly by 2030 and the objectives of the Pilgrims Experience Program (PEP) to facilitate access to the Two Holy Mosques. Bander Almohanna, Chief Executive Officer and Managing Director of flynas, said: "We are pleased to resume our flights to Syria. flynas has always been a pioneer in providing air routes between the Kingdom and various Syrian cities. We previously operated direct flights from Riyadh and Jeddah to Damascus, Aleppo, and Latakia, reaffirming our commitment to strengthening the connectivity between the two brotherly nations. Now, we are returning to relaunch our operations to the Syrian capital." flynas operates 139 routes to more than 70 domestic and international destinations in 30 countries with more than 2000 weekly flights and has flown more than 80 million passengers since its launch in 2007, with the aim to reach 165 domestic and international destinations within its growth and expansion plan, and in line with the objectives of Vision 2030. Passengers traveling with flynas can book their flights through all flynas booking channels: the flynas app, the call centre (920001234), or travel agents.
Travel Daily News
12-05-2025
- Business
- Travel Daily News
flynas signs MoU with Safran to equip its next 60 A320neo aircraft
flynas partners with Safran to equip 60 new A320neo aircraft with next-generation seats, enhancing comfort and aligning with Saudi aviation goals. DUBAI, UNITED ARAB EMIRATES – flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and worldwide, has announced signing an agreement with Safran, one of the world's leading manufacturers of aircraft seats, for both crew and passengers. This agreement is to equip the next 60 new A320neo aircraft joining flynas fleet with the latest-generation seats that set a new standard of comfort and convenience in the low-cost aviation. The seats' new features were introduced during Arabian Travel Market, held in Dubai from April 28 to May 1, in the presence of flynas Chairman, Ayed Al Jeaid, Bander Almohanna, Managing Director and CEO of flynas, and Safran Seats France EVP Quentin Munier. Including Economy class seats with a premium configuration at the front of the cabin, the agreement aims to fit cabins with seat types customized for flynas, with smart cushions designs and the latest technologies, increasing the guests' comfort as flynas operates the A320neo on flights up to 6 hours, and the new seat is designed especially for long-medium flights. With delivery set for the end of 2025, each aircraft will have 174 new seats that offer a new standard of comfort, privacy, and convenience. The economy seats will feature a portable electronic devices holder and a power supply system port that includes both USB A and C (60w output), a lower literature pocket, a coat hook, and a cup holder. Additionally, the Premium class seats, spanning 4 rows, will boast a wider pitch, an adjustable headrest, and a middle seat blocker for an optimized living space, ensuring a more enjoyable journey for passengers. Bander Almohanna commented: 'Through our strategic partnership with Safran, we are poised to reimagine our future cabins with smart design, stylish features, and next-level technologies. These factors were instrumental in selecting seat types, which will be customized for flynas to offer our guests a unique way of enjoying their flights. This partnership aligns with our expansion strategy, launched in parallel with the National Civil Aviation Strategy, to connect KSA with 250 International destinations, accommodate 330 million passengers, and host 100 million tourists yearly by 2030, and the objectives of the Pilgrims Experience Program to facilitate access to the Two Holy Mosques'. Quentin Munier said: 'We are honored to equip flynas' new Airbus A320neo fleet with our latest Z200, a new generation of Economy class seats that deliver benefits for both passengers and operators. This marks our first collaboration with flynas, and we are delighted to support its operations in the coming years.' flynas is ranked as the best Low-Cost Carrier (LCC) in the Middle East and the 4th best worldwide by Skytrax. Equipping flynas A320neo fleet with the new seats is part of flynas initiative to become the best LCC in the world.
Arabian Post
06-05-2025
- Business
- Arabian Post
flynas Announces Plans for Groundbreaking IPO in Saudi Arabia
Saudi Arabian budget airline flynas, under the backing of billionaire Prince Alwaleed Bin Talal, is preparing to launch an initial public offering later this month. This move marks the first IPO by a Gulf airline in nearly two decades, a significant milestone for both the airline and the broader Middle Eastern aviation industry. The airline, which has become a key player in the region's air travel market, plans to offer 51.3 million shares, equivalent to 30% of its total shareholding, to potential investors. The public offering, according to the company's announcement, will involve newly-issued shares, making up 10.2% of the stake available for purchase. The IPO is expected to draw attention not just within Saudi Arabia, but across the wider Gulf Cooperation Council and MENA regions, with investors eager to tap into the region's rapidly growing aviation and tourism sectors. As part of the offering, flynas aims to raise substantial capital, which will be instrumental in expanding its fleet and enhancing services, crucial to its long-term growth objectives. According to the airline's chief executive, Bander Almohanna, the company is poised to capitalize on the robust demand generated by Saudi Arabia's ambitious aviation and tourism initiatives. These initiatives, aligned with the kingdom's broader Vision 2030 economic diversification plan, are designed to reduce the nation's dependency on oil revenue by bolstering industries like tourism and air travel. The potential success of flynas' IPO is seen as a key indicator of investor confidence in the region, despite uncertainties caused by global factors such as trade tariffs imposed by Washington. The airline is optimistic that its position within the rapidly expanding GCC and MENA markets will mitigate such external challenges. Flynas' IPO announcement is part of a broader wave of listings by companies in Saudi Arabia, as the nation continues to foster a business-friendly environment under the leadership of Crown Prince Mohammed bin Salman. The IPO is part of the kingdom's plans to diversify its economy, attract international investment, and develop its non-oil sectors, which have gained significant momentum since the launch of Vision 2030. As part of this initiative, the Saudi government has also been encouraging state-owned companies to consider public listings to generate additional capital for development projects. Flynas, established in 2007, has grown rapidly to become one of the leading low-cost carriers in the region. The airline operates both domestic and international flights, connecting major cities across the Middle East, Asia, and North Africa. The company has benefited from Saudi Arabia's growing interest in tourism and business travel, and its positioning as an affordable travel option for customers across the region has contributed significantly to its success. The decision to go public comes amid ongoing optimism surrounding the aviation industry's post-pandemic recovery. While the airline industry faced unprecedented challenges during the global health crisis, there has been a marked rebound in passenger traffic, particularly within the GCC and MENA regions. flynas, benefiting from its budget-friendly model, has positioned itself to cater to the rising demand for air travel as regional economies recover and expand. Saudi Arabia's plans to become a global tourism hub by 2030, alongside investments in the development of new airports and travel infrastructure, have further buoyed prospects for airlines operating in the kingdom. Flynas stands to gain significantly from these developments, as it looks to capture a larger share of the burgeoning market for both leisure and business travel. The aviation market in the GCC region has seen exponential growth in recent years, driven by both tourism and business demand. Saudi Arabia, in particular, has focused its efforts on making air travel more accessible to the masses as part of its economic diversification strategy. The state's desire to increase tourism revenue to $20 billion by 2030 has created a favorable environment for the aviation sector, with investments in airports, travel hubs, and new airlines. Flynas has positioned itself strategically to benefit from this growth, capitalizing on the Saudi government's focus on air travel infrastructure. The IPO represents a significant step towards increasing its market share, further solidifying its place as a key player in the region's aviation industry. The potential for growth is also reflected in flynas' expansion plans. The airline has been aggressively increasing its fleet and network to cater to the expanding demand for affordable air travel. Flynas' fleet expansion plans include introducing new aircraft to meet the needs of an expanding customer base. The company's ability to offer low-cost options while maintaining quality service has positioned it well to compete with both regional carriers and larger international airlines. As flynas moves forward with its IPO, the airline will be keen to attract investors who share its vision of tapping into the expanding aviation and tourism markets in the GCC and MENA regions. The successful completion of the offering is expected to fuel further expansion plans, potentially enhancing its position as a regional leader in the low-cost airline segment.
Zawya
06-05-2025
- Business
- Zawya
Saudi Arabia's flynas plans to kick off IPO this month
RIYADH: Saudi Arabian budget airline flynas, backed by billionaire Prince Alwaleed Bin Talal, is planning to start a public share offering later this month, it said on Monday, in the first IPO of a Gulf airline in nearly two decades. The company is offering 51.3 million shares, equal to a 30% stake, to investors, joining other firms in the kingdom in announcing listing plans despite market uncertainty linked to Washington's tariff policies. Newly-issued shares represent 10.2% of the stake on offer, flynas said in a statement. "We are well-positioned to benefit from the robust demand driven by Saudi Arabia's aviation and tourism strategy, as well as the strong growth in passenger traffic across the GCC and MENA markets," said chief executive Bander Almohanna. flynas is set to debut after a years-long boom in the airline industry following the COVID-19 pandemic, and as Saudi Arabia has made tourism key to its domestic economic agenda. The kingdom, which attracts tens of millions of religious pilgrims a year to holy Muslim sites in Mecca and Medina, has revamped its tourism industry to attract non-religious tourists. The carrier operated across 72 domestic and international destinations as of the end of last year, when it posted an 8% rise in net profit to 434 million riyals ($115.72 million), it said. The offering of shares is scheduled between May 28 and June 1, the document showed. Proceeds from the IPO will be used for expanding fleet, network and operational scope and general corporate purposes. ($1 = 3.7504 riyals) (Reporting by Shamsuddin Mohd and Menna Alaa El Din, Writing by Federico Maccioni Editing by Tomasz Janowski)
