LONDON – Flynas, the Saudi Arabian-based airline have received its first Airbus A320neo aircraft as per leasing agreement between CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing Co. Ltd, and Flynas. The deal has been penned to equip the carrier with 5 A320neo.

CEO of CDB Aviation, Mr. Patrick Hannigan said: “This latest addition of NEO aircraft to flynas’ growing fleet advances its ambitious plans to expand the fleet and increase the scope of its offerings in line with the Vision 2030 program. “

“The Saudi market continues to bounce back strongly post-pandemic and flynas will be well-positioned to take advantage of significant pent-up demand.”

CDB Aviation’s Chief Marketing Officer, Peter Goodman concluded: “Our commercial team continues to address airlines’ requirements in all corners of the world, leveraging our platform’s leading market position and wide-ranging financing solutions to enhance their fleets and ramp up operations in the face of the progressing recovery across the global air transport industry.”

The first of five aircraft to be delivered to Flynas has been handed over to the carrier in Toulouse, France as per companies purchase and leaseback agreement announced in late January 2022. CDB Aviation confirmed that the delivery of the remaining four aircraft is expected to conclude by mid-next year, under the same agreement.