Saudi budget carrier Flynas takes equity stake in local handling arm of Swissport

Flynas, a Middle Eastern low-cost airline, is securing a 10% equity stake in Swissport Saudi Arabia, the ground-handling firm’s division within Saudi Arabia. This investment represents an initial acquisition and grants Flynas the option to expand its ownership to up to 20%. The agreement establishes Swissport Saudi Arabia as Flynas' exclusive handler for a duration of five years. Under this arrangement, Swissport Saudi Arabia will provide all handling services for the budget carrier. This strategic partnership aims to enhance operational efficiency and service quality for Flynas’ growing passenger base across Saudi Arabia.