flynas Takes Delivery of 50th Jetliner Out of Order for 120 Airbus A320neo

flynas is moving ahead in its ambitious plan for growth, expansion, and increasing the fleet size - AFP
flynas is moving ahead in its ambitious plan for growth, expansion, and increasing the fleet size - AFP
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flynas Takes Delivery of 50th Jetliner Out of Order for 120 Airbus A320neo

flynas is moving ahead in its ambitious plan for growth, expansion, and increasing the fleet size - AFP
flynas is moving ahead in its ambitious plan for growth, expansion, and increasing the fleet size - AFP

flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and the world, celebrated taking delivery of the 50th airplane out of a large order for Airbus A320neo jetliners at a reception held at King Khalid International Airport in Riyadh.

The company is moving ahead in its ambitious plan for growth, expansion, and increasing the fleet size.
Taking delivery of the 50th aircraft comes within an order to purchase 120 A320neo aircraft from Airbus with a value exceeding 32 billion riyals, which was at the time the second-largest purchase of A320neo aircraft in the Middle East, as a strategic step for flynas, SPA reported.
The deal with Airbus was a strategic step for flynas, consolidating its position as a leading low-cost airline in the Middle East, and one of the top four low-cost carriers in the world. The company is moving forward in its ambitious plans to double the fleet size after its board of directors approved an increase in purchase orders to 250 aircraft. This is in line with flynas’ strategic plan -- “We Connect the World to the Kingdom” -- in parallel with the National Civil Aviation Strategy to enable national air carriers to contribute to connecting Saudi Arabia with 250 international destinations and to accommodate 330 million passengers and to host 100 million tourists yearly by 2030.
In parallel with upscaling the flynas fleet, taking delivery of the new aircraft contributed to generating hundreds of quality jobs in the aviation sector, directly and indirectly. flynas recently announced the opening of applications in several programs, including the Future Pilots Program, Future Engineers Program, and the Cabin Crew Program for Saudi men and women.
This A320neo airplane is the third of its kind received by flynas since the beginning of 2024, and it is due to receive other batches of aircraft during the year, reinforcing flynas' commitment to sustainability and environmental protection. The A320neo is the most advanced, environmentally friendly, and fuel-efficient single-aisle aircraft worldwide.
flynas connects more than 70 domestic and international destinations with more than 1,500 weekly flights and has flown more than 78 million passengers since its launch in 2007, with the aim to reach 165 domestic and international destinations.



Oil Heads for Weekly Gains on Anxiety over Intensifying Ukraine War

Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
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Oil Heads for Weekly Gains on Anxiety over Intensifying Ukraine War

Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo
Pump jacks operate in front of a drilling rig in an oilfield in Midland, Texas US August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo

Oil prices extended gains on Friday, heading for a weekly uptick of more than 4%, as the Ukraine war intensified with Russian President Vladimir Putin warning of a global conflict.
Brent crude futures gained 10 cents, or 0.1%, to $74.33 a barrel by 0448 GMT. US West Texas Intermediate crude futures rose 13 cents, or 0.2%, to $70.23 per barrel.
Both contracts jumped 2% on Thursday and are set to cap gains of more than 4% this week, the strongest weekly performance since late September, as Moscow stepped up its offensive against Ukraine after the US and Britain allowed Kyiv to strike Russia with their weapons.
Putin said on Thursday it had fired a ballistic missile at Ukraine and warned of a global conflict, raising the risk of oil supply disruption from one of the world's largest producers.
Russia this month said it produced about 9 million barrels of oil a day, even with output declines following import bans tied to its invasion of Ukraine and supply curbs by producer group OPEC+.
Ukraine has used drones to target Russian oil infrastructure, including in June, when it used long-range attack drones to strike four Russian refineries.
Swelling US crude and gasoline stocks and forecasts of surplus supply next year limited price gains.
"Our base case is that Brent stays in a $70-85 range, with high spare capacity limiting price upside, and the price elasticity of OPEC and shale supply limiting price downside," Goldman Sachs analysts led by Daan Struyven said in a note.
"However, the risks of breaking out are growing," they said, adding that Brent could rise to about $85 a barrel in the first half of 2025 if Iran supply drops by 1 million barrels per day on tighter sanctions enforcement under US President-elect Donald Trump's administration.
Some analysts forecast another jump in US oil inventories in next week's data.
"We will be expecting a rebound in production as well as US refinery activity next week that will carry negative implications for both crude and key products," said Jim Ritterbusch of Ritterbusch and Associates in Florida.
The world's top crude importer, China, meanwhile on Thursday announced policy measures to boost trade, including support for energy product imports, amid worries over Trump's threats to impose tariffs.