Saudi Arabia’s flynas Reports 51% More Passengers in Q1 2024, 43% Seat Capacity Increase

flynas hit a record 43% increase in overall seat capacity in Q1 2024 over the same period in 2023. (SPA)
flynas hit a record 43% increase in overall seat capacity in Q1 2024 over the same period in 2023. (SPA)
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Saudi Arabia’s flynas Reports 51% More Passengers in Q1 2024, 43% Seat Capacity Increase

flynas hit a record 43% increase in overall seat capacity in Q1 2024 over the same period in 2023. (SPA)
flynas hit a record 43% increase in overall seat capacity in Q1 2024 over the same period in 2023. (SPA)

Saudi Arabia’s flynas announced on Monday the operational results for Q1 of 2024 as it continues to deliver on its ambitious growth strategy and expand its fleet size to accommodate strong passenger demand.

In Q1 2024, flynas welcomed 3.7 million passengers on board its flights, marking an increase of 51% over Q1 2023, the airline said in a statement.

flynas hit a record 43% increase in overall seat capacity in Q1 2024 over the same period in 2023, driven by domestic and international routes which were up 45% and 40% respectively.

“The strong start to the year underscores the effectiveness of our ambitious growth strategy. By tapping into the Kingdom’s economic growth and responding to increased passenger demand, we have successfully expanded our customer base,” said flynas Managing Director and CEO Bander Almohanna.

“Our progress is driven by leveraging exceptional talent, expanding our fleet, launching new destinations, introducing new products and enhancing our loyalty program,” he added.

“Looking ahead, we will continue building on our growth plans, through which we aim to connect the world with the Kingdom and support the development of the tourism and aviation sectors. We plan to capitalize on their growth potential by aligning with the National Civil Aviation Strategy and the Pilgrims Experience Program.”

flynas plays a key role in carrying out the Kingdom’s National Civil Aviation Strategy, which aims to connect Saudi Arabia with 250 international destinations, accommodate 330 million passengers, and host 100 million tourists annually by 2030.

During 2023, flynas launched 39 new routes to 18 destinations in 10 new countries and inaugurated its fourth operations base at Prince Mohammed bin Abdulaziz International Airport in Madinah.

flynas operates more than 1,500 weekly flights to more than 70 domestic and international destinations.

It received the Skytrax International Award as the 4th “Best LCC worldwide” and the “Best Low-cost Airline in the Middle East” in 2023 for the sixth time in a row. It won the “Best Low-cost Airline Award” in the Middle East from the World Travel Awards in 2024 for the tenth consecutive year.



Saudi Fund for Development Finances 3 Development Projects in Serbia Worth $205 Million

The agreements cover three projects - SPA
The agreements cover three projects - SPA
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Saudi Fund for Development Finances 3 Development Projects in Serbia Worth $205 Million

The agreements cover three projects - SPA
The agreements cover three projects - SPA

The Saudi Fund for Development (SFD) has signed three development loan agreements with the Republic of Serbia worth $205 million to fund key projects supporting the agriculture, education, and energy sectors, according to an SFD press release issued today.
This partnership, marking the SFD’s first presence in Serbia, is aimed at fostering the country’s long-term socioeconomic growth. The agreements cover three projects: $75 million for the Strengthen Irrigation Infrastructure in Different Areas Project, $65 million for the Construction of the Bio4 Campus in Belgrade Project, and $65 million for the Development of Transmission System Operator (Phase 1) Project, SPA reported.
Deputy Prime Minister and Minister of Finance of Serbia Siniša Mali stated: “We are grateful for the support. The projects for which this money is intended will contribute to the creation of new jobs, strengthening of our economy, and better positioning of the Republic of Serbia in the world scientific community.”
He added: “The agreements will also reinforce the long-term partnership between the Republic of Serbia and the Kingdom of Saudi Arabia and contribute to the implementation and development of important projects in our country.”
CEO of the SFD Sultan Al-Marshad said: “Supporting sustainable development through strategic funding in infrastructure and education is central to our mission.”
According to the release, the SFD is committed to supporting sustainable development globally. As the official development arm of the Kingdom of Saudi Arabia, the SFD has financed more than 800 projects in over 100 countries, with total funding of $20 billion. In 2024, the SFD celebrated 50 years of advancing global development, with recent expansions into 11 new countries, including Serbia.