Prominent Middle Eastern low-cost carrier flynas has recently marked the delivery of five state-of-the-art Airbus A320neos from global lessor Avolon.
The Airbus A320neo
At the heart of this transaction lies the Airbus A320neo, renowned as the world’s best-selling short and medium-haul aircraft.
Its cutting-edge technology ensures a remarkable 15% reduction in fuel burn and CO2 emissions compared to its predecessors. The A320neo is recognized as a game-changer in environmental sustainability and operational efficiency, and is a mainstay in the flynas fleet.
flynas Fleet Expansion
With the latest addition of these five A320neos, flynas now boasts a fleet of 54 aircraft, with an impressive 45 of them being A320neos.
This strategic move positions Flynas as a major player in the aviation industry, supporting their ever-expanding operations, currently encompassing over 1,500 flights per week to more than 70 destinations.
Paul Geaney, President and Chief Commercial Officer at Avolon, expressed his enthusiasm about the partnership with Flynas.
He highlighted how this transaction strengthens their relationship with one of the Middle East’s fastest-growing airlines.
Avolon’s commitment to executing large-scale deals is evident, as they navigate the high demand for sale and leaseback opportunities in the market.
The Future with flynas
As the aviation leasing industry continues to experience robust demand, the collaboration between Avolon and flynas sets a precedent for future success.
The Saudi low-cost carrier recently took delivery of four new Airbus A320neo aircraft in the last two weeks of October 2023, as part of its ambitious expansion plan.
The airline has moved rapidly from strength to strength in recent months, with an aggressive network expansion policy which aligns with the objectives of the ambitious national Saudi Vision 2030.
The airline aspires to expand its reach even further and aims to serve 165 domestic and international destinations.
The 11 aircraft currently on lease to Flynas, including A320neos, A320ceos, and A330-300s, showcase the versatility of Avolon’s offerings.
The optimism expressed by Paul Geaney hints at a promising future, with sustained growth expected in the foreseeable future.
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