(MENAFN- AFP) Low-cost Saudi carrier flynas on Monday signed an $8.6 billion deal with European plane manufacturer Airbus to purchase 80 A320neo single-aisle jets.
Flynas chairman Ayed al-Jeaid said at the signing ceremony in Riyadh that the deal includes an option for 40 more of the short to medium-haul planes in what airline executives said is a growing domestic market.
Bander al-Mohanna, the chief executive of NAS Holding, signed the agreement with Fouad Attar, Middle East director for the European Aerospace company.
Mohanna told a news conference following the ceremony that the deal was made for flynas "to play a leading role in the market".
Delivery would begin next year and continue until at least 2026, flynas executives said.
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