Saudi NAS Budget Airliner Concludes Deal with Airbus, worth SR 32 billion, to Buy 120 aircraft


(MENAFN- Saudi Press Agency)
Riyadh, Rabi'II 18, 1438, Jan 16, 2017, SPA -- NAS, a Saudi privately owned airliner, signed an agreement with Airbus to buy 120 aircraft of its A320neo model, with a total value worth SR 32 billion, with 80 aircraft scheduled to be received, at the beginning of 2018 up to 2026, and the eligibility of the airliner to buy additional 40 aircraft, in the future.
This was unfold, during a press conference held by the Chairman of NAS Holding Company Ayed Aljaid, this evening, who confirmed that the airliner is seeking through this deal to be achieve high stature, in the region.
Our next step for NAS, is to go public, by putting its shares, in an initial public offering, in the Saudi Stock Market, to be the first joint venture airliner, in the Saudi Stock Market," he added, to conclude.
-- SPA
21:44 LOCAL TIME 18:44 GMT


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