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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
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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.

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China Hits Back at Trump Tariff Hike, Turmoil Rings Recession Alarm

An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 11, 2025. REUTERS/Go Nakamura
An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 11, 2025. REUTERS/Go Nakamura
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China Hits Back at Trump Tariff Hike, Turmoil Rings Recession Alarm

An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 11, 2025. REUTERS/Go Nakamura
An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 11, 2025. REUTERS/Go Nakamura

Beijing on Friday increased its tariffs on US imports to 125%, hitting back against US President Donald Trump's decision to hike duties on Chinese goods to 145% and raising the stakes in a trade war that threatens to up-end global supply chains.
Meanwhile, the turmoil unleashed by Trump's tariffs showed few signs of easing on Friday, with markets tumbling and foreign leaders puzzling how to respond to the biggest disruption to the world trade order in decades.
A brief reprieve for battered stocks seen after Trump decided to pause duties for dozens of countries for 90 days quickly dissipated, as attention returned to his escalating trade war with China that has fueled global recession fears, Reuters reported.
Global stocks fell, the dollar slid and a sell-off in US government bonds picked up pace on Friday, reigniting fears of fragility in the world's biggest bond market. Gold, a safe haven for investors in times of crisis, scaled a record high.
"Recession risk is much, much higher now than it was a couple weeks ago," said Adam Hetts, global head of multi-asset at Janus Henderson.
US Treasury Secretary Scott Bessent tried to assuage sceptics by telling a cabinet meeting on Thursday that more than 75 countries wanted to start trade negotiations. Trump himself expressed hope of a deal with China, the world's No.2 economy.
But the uncertainty in the meantime extended some of the most volatile trading since the early days of the COVID-19 pandemic.
Asian indices mostly followed Wall Street lower on Friday. In Europe, China's latest tariff hike sent stocks lower, leaving the STOXX 600 down more than 1% on the day and set for another drop this week, one of its most volatile on record.
Bessent shrugged off the renewed market turmoil on Thursday and said striking deals with other countries would bring certainty.
The US and Vietnam have agreed to begin formal trade talks, the White House said. The Southeast Asian manufacturing hub is prepared to crack down on Chinese goods being shipped to the United States via its territory in the hope of avoiding tariffs, Reuters exclusively reported.
Japanese Prime Minister Shigeru Ishiba, meanwhile, has set up a trade task force that hopes to visit Washington next week.
As Trump suddenly paused his 'reciprocal' tariffs on other countries hours after they came into effect earlier this week, he ratcheted up duties on Chinese imports as punishment for Beijing's initial move to retaliate.
He has now imposed new tariffs on Chinese goods of 145% since taking office, a White House official said.
China hit back with new tariffs on Friday.
"The US imposition of abnormally high tariffs on China seriously violates international and economic trade rules, basic economic laws and common sense and is completely unilateral bullying and coercion," China's finance ministry said in a statement.
Trump told reporters at the White House on Thursday that he thought the United States could make a deal with China and said he respected Chinese President Xi Jinping.
"In a true sense he's been a friend of mine for a long period of time, and I think that we'll end up working out something that's very good for both countries," he said.

Xi, in his first public remarks on Trump's tariffs, told Spanish Prime Minister Pedro Sanchez during a meeting in Beijing on Friday that China and the European Union should "jointly oppose unilateral acts of bullying," China's state news agency Xinhua reported.
"There are no winners in a trade war," the Chinese leader told his guest, adding that by acting together, the world's second-largest economy and the 27-strong European trade bloc could help uphold "the global rules-based order."