Search Site

Trends banner

TAQA H1 net income $1bn

The group's revenue reached $7.73 billion.

ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

Flyadeal ropes in Airbus to support its A320 fleet

  • The carrier will benefit from integrated material services including spare pool access
  • The agreement includes the 1,000th aircraft supported by Airbus Flight Hour Services

The Saudi low fares airline, flyadeal, has signed a long-term Flight Hour Services (FHS) agreement with Airbus to support its A320 fleet.

The agreement includes the 1,000th aircraft supported by Airbus Flight Hour Services. The carrier will benefit from integrated material services including spare pool access, on-site-stock at the main base and components engineering and repairs.

Through the FHS contract, Airbus will guarantee spare parts availability, contributing to securing aircraft technical performance.

Mikail Houari, President of Airbus Africa & Middle East, said: “Signing this agreement with flyadeal is an important milestone; it is the 1st FHS contract in Saudi Arabia and the biggest Airbus aircraft fleet to be covered by FHS.”

“We are proud of our partnership with flyadeal and look forward to continuing working together. This agreement reaffirms our commitment to supporting Saudi Arabia’s aviation sector,” Houari added.

Airbus has finalised 11 Flight Hour Services contracts with operators worldwide over the last six months. The latest contract agreements demonstrate the continued interest in Airbus’s integrated maintenance service, proving more relevant than ever in post-crisis times when airlines need to carefully monitor their costs and contain investments.