Airline ‘flynas’ Receives 5 New Airbus A320neo, Increasing Fleet Size to 56

A total of nineteen A320neo aircraft are scheduled for delivery by the end of the year, SPA
A total of nineteen A320neo aircraft are scheduled for delivery by the end of the year, SPA
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Airline ‘flynas’ Receives 5 New Airbus A320neo, Increasing Fleet Size to 56

A total of nineteen A320neo aircraft are scheduled for delivery by the end of the year, SPA
A total of nineteen A320neo aircraft are scheduled for delivery by the end of the year, SPA

Saudi “flynas” airline announced the delivery of five A320neo aircraft to increase its all-Airbus fleet to 56 airplanes.

The latest deliveries come as part of the expansion plan launched under the title "We connect the world with the Kingdom," in line with the national strategy of civil aviation to reach 330 million passengers and 100 million tourists and increase the international destinations linked with the Kingdom to more than 250 by 2030.
With the delivery of the five new A320neo, the total number of airplanes received by flynas this year reached 11. A total of nineteen A320neo aircraft are scheduled for delivery by the end of the year, according to SPA.

The CEO and Managing Director of flynas, Bander Almohanna, said: “This new batch of aircraft reflects flynas’ commitment to achieving its strategy of growth and expansion by upscaling its fleet and multiplying the seating capacity of domestic and international flights in line with objectives of the Pilgrim Experience Program to streamline access to the Two Holy Mosques and the national strategy of civil aviation to enable national airlines to contribute to linking the world with the Kingdom."

Almohanna added: "The company, over the next weeks, will receive eight new [air]planes as part of the batch scheduled for delivery in 2023 in a total of 19 aircraft, within an order of purchasing 120 aircraft from Airbus in a total amount exceeding 32 billion riyals.”

He indicated that flynas is preparing to launch its latest operations base in Madinah Airport before the end of 2023, making it the only carrier with four operations bases across the Kingdom.

flynas connects more than 70 domestic and international destinations with more than 1,500 weekly flights, and it has flown more than 60 million passengers since its launch in 2007, with the aim to reach 165 domestic and international destinations, in line with the objectives of the Saudi Vision 2030.



Bitcoin Rises Above $94,000 for First Time

FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration/File Photo
FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration/File Photo
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Bitcoin Rises Above $94,000 for First Time

FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration/File Photo
FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/Illustration/File Photo

Bitcoin rose to a record high above $94,000 as a report that Donald Trump's social media company was in talks to buy crypto trading firm Bakkt boosted expectations of a crypto-friendly regime under his incoming administration.
Bitcoin, the world's biggest and best-known cryptocurrency, has more than doubled this year. It was last at $93,521 on Wednesday, having hit a high of $94,078 in early Asian trading hours.
The Financial Times said Trump Media and Technology Group, which operates Truth Social, is close to an all-stock acquisition of Bakkt, which is backed by NYSE-owner Intercontinental Exchange.
"Trump's seeming interest to push further into crypto on a personal level has contributed to optimism that crypto will be a top priority when Trump takes office," said Stéphane Ouellette, chief executive officer of crypto trading firm FRNT Financial.
Earlier this week, the Wall Street Journal reported Trump was meeting privately with the crypto exchange CEO Brian Armstrong, further aiding sentiment.
Cryptocurrencies have soared since the Nov. 5 US election as traders bet President-elect Trump's promised support for digital assets would lead to a less restrictive regulatory regime.
Options trading over BlackRock's spot bitcoin ETF on the Nasdaq made a strong debut on Tuesday with a bullish call-to-put ratio of 4.4:1, according to QCP Capital.
"We expect these options to be popular and, in turn, may positively influence trading volumes of these ETPs (exchange traded products) as the underlying," said Kenneth Worthington, analyst at J.P.Morgan.
The growing excitement has taken the global cryptocurrency market's value above $3 trillion to a record high, based on analytics and data aggregator CoinGecko.
US spot bitcoin exchange traded products have attracted about $4.2 billion in inflows since Trump's election victory, about 15% of the total inflows since the products were launched on US stock exchanges in January, Reuters reported.
Chris Weston, head of research at Australian online broker Pepperstone, said there is real underlying buying pressure for bitcoin, and "another kick higher should bring in a fresh chase from those who like to buy what's strong".