Flynas is eyeing to expand its global presence by opening new units in two countries.
The airline’s move comes in line with its goal to become the Middle East’s largest discount airline and one of the five biggest globally.
Saudi Arabia is pumping billions of dollars into the aviation sector, as tourism is set to be one of the main pillars of its economy in the future. This comes as the Kingdom is steadily diversifying its revenue in line with the goals outlined under Vision 2030.
The Riyadh-based airline is looking to play part in the Kingdom’s aviation push, with a plan to expand its existing fleet to 250 while also adding widebody models such as the Boeing 787 and Airbus SE A350 to its existing array of narrowbody carriers.
Some of the key initiatives of the Kingdom’s National Aviation Strategy include opening a new airport in Riyadh and launching a new airline to cater to the increased demand.
Both the airport and the airline will be owned by Saudi Arabia’s Public Investment Fund which holds $607 billion worth of assets under management.
Saudi Arabia’s National Aviation Strategy aims to increase air connectivity to 250 destinations.