Search Site

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

Flynas passenger growth 91% in 2022

flynas launched the Future Engineers program in 2022 to localize the aircraft engineering and maintenance jobs. (Flynas/Twitter)
  • It reported an increase of 91 percent in its passengers to 8.7 million.
  • The firm's flights expanded by 45 percent to 66,000 and seat capacity by 46 percent.

Riyadh, Saudi Arabia – The Saudi low-cost carrier flynas doubled its annual growth in operation and performance during 2022.

It reported an increase of 91 percent in its passengers to 8.7 million, while flights expanded by 45 percent to 66,000 and seat capacity by 46 percent.

Additionally, flynas launched 16 new destinations and 30 new routes as the fleet upscaled to 43 aircraft.

“The growth rates recorded by flynas during 2022 in performance, operations, and localization programs reflect the company’s commitment to continuing expansion under the slogan ‘We Connect the World to the Kingdom’ and to consolidating its leading position as the best low-cost airline in the Middle East and one of the top 10 airlines in the world of its category,” said CEO and Managing Director of flynas Bander Almohanna.

“The annual results confirm the progress in the company’s strategic plan with the receiving of eight new Airbus A320neo and joining 2 Airbus A330 aircraft, which will contribute to serving pilgrims and Umrah performers as well as expanding to new markets.,” he said.

The company has also raised the booking orders of 250 aircraft, in line with the goals of the Saudi vision 2030, and the civil aviation strategy to reach 330 million passengers, 250 international destinations, and 100 million tourists annually, he added.