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.



Euro Zone Yields Fall after Iran Raises Prospect of Hormuz Reopening

Euro banknotes (Reuters)
Euro banknotes (Reuters)
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Euro Zone Yields Fall after Iran Raises Prospect of Hormuz Reopening

Euro banknotes (Reuters)
Euro banknotes (Reuters)

Euro zone bond yields fell for a second straight day on Tuesday, hitting their lowest in almost two weeks after Iran raised the prospect of reopening the Strait of Hormuz and Washington hinted it could restart talks with Tehran, pushing oil prices lower.

Germany's 10-year bond yield, the benchmark for the bloc, fell 1 basis point to 3.44% after rising as much as 4 bps earlier in the session. It fell 7 bps on Monday as energy prices retreated.

A senior Iranian official told Reuters that the strait, which carried about a fifth of global energy supplies before the war, could reopen within seven days if the US also lifts its blockade of Iranian ports.

The official added that Iran's delegation to a UN meeting in New York this week has full authority to revive diplomacy over the conflict.

US Secretary of State Marco Rubio told NBC's "Today" show that Washington was open to speaking with Tehran.

The dip in energy prices helped pull yields lower globally after a surge in recent weeks fuelled by expectations of further interest-rate hikes to combat energy-driven inflation. Traders are pricing in around 35 bps of additional European Central Bank tightening this year, down from 40 bps on Friday.

Germany's two-year bond yield, which is sensitive to interest-rate expectations, fell 1 bp to 3.19%, following a 6-bp drop on Monday.

Rabobank senior rates strategist Lyn Graham-Taylor said lower oil prices following the Iranian comments were weighing on bond yields.

Brent crude futures were last down 1% to $100 a barrel after earlier falling to $97.40, the lowest in two weeks.


Libya's NOC Says Sharara Crude Pipeline Closure Losses at 130,000 bpd

General view of the Sharara oil field in Libya (Reuters)
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Libya's NOC Says Sharara Crude Pipeline Closure Losses at 130,000 bpd

General view of the Sharara oil field in Libya (Reuters)

Libya's National Oil Corporation said on Tuesday that the Sharara-Zawiya crude loading pipeline closure has led to daily losses of about 130,000 barrels per day, Reuters reported.

An armed military group closed valve seven on the Sharara crude pipeline to Zawiya port on Monday, resulting in a significant decline in production at the Sharara oilfield, the National Oil Corporation said in a statement.

 

 

 

 


Sources: Saudi Arabia Restarts East-West Oil Pipeline

FILE PHOTO: A model of an oil pump is seen in front of a Saudi Arabian flag in this illustration taken January 9, 2026. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: A model of an oil pump is seen in front of a Saudi Arabian flag in this illustration taken January 9, 2026. REUTERS/Dado Ruvic/Illustration/File Photo
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Sources: Saudi Arabia Restarts East-West Oil Pipeline

FILE PHOTO: A model of an oil pump is seen in front of a Saudi Arabian flag in this illustration taken January 9, 2026. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: A model of an oil pump is seen in front of a Saudi Arabian flag in this illustration taken January 9, 2026. REUTERS/Dado Ruvic/Illustration/File Photo

Saudi Arabia has restarted operations at its East-West Pipeline and could resume exports from the Red Sea port of Yanbu later on Tuesday, three sources briefed on the matter said.

Drone attacks forced Saudi Arabia to shut its East-West Pipeline on September 13, halting crude loadings at the kingdom's Yanbu port.

The resumption of supplies on Tuesday helped to drive selling on global oil markets, traders said. Brent crude futures fell by more than $2 a barrel to its lowest since September 8.

Two trading sources said traders were getting ready for Saudi oil loadings by moving tankers to Egypt's Mediterranean Port Said for ship-to-ship transfers and also to Sidi Kerir.