Advertisement
Singapore markets closed

  • Straits Times Index

    3,272.72
    +47.55 (+1.47%)
     

  • S&P 500

    5,010.60
    +43.37 (+0.87%)
     

  • Dow

    38,239.98
    +253.58 (+0.67%)
     

  • Nasdaq

    15,451.31
    +169.30 (+1.11%)
     

  • Bitcoin USD

    66,118.19
    +250.88 (+0.38%)
     

  • CMC Crypto 200

    1,420.37
    +5.61 (+0.40%)
     

  • FTSE 100

    8,039.69
    +15.82 (+0.20%)
     

  • Gold

    2,318.20
    -28.20 (-1.20%)
     

  • Crude Oil

    81.24
    -0.66 (-0.81%)
     

  • 10-Yr Bond

    4.6230
    +0.0080 (+0.17%)
     

  • Nikkei

    37,552.16
    +113.55 (+0.30%)
     

  • Hang Seng

    16,828.93
    +317.24 (+1.92%)
     

  • FTSE Bursa Malaysia

    1,561.64
    +2.05 (+0.13%)
     

  • Jakarta Composite Index

    7,110.81
    +36.99 (+0.52%)
     

  • PSE Index

    6,506.80
    +62.72 (+0.97%)
     

Saudi's Flynas to buy 80 Airbus A320neo planes in $8.6B deal

Associated Press

DUBAI, United Arab Emirates (AP) — Airbus says it has agreed to sell a total of 80 A320neo planes to Saudi Arabian low-cost airline Flynas in a deal worth $8.6 billion.

The agreement announced Monday includes a new order for 60 of the single-aisle aircraft and upgrades an existing order for 20 of the less-advanced A320ceo model.

The value of the 60 additional planes alone is $6.4 billion at list prices, though airlines typically negotiate discounts for large orders.

Riyadh-based Flynas is a low-cost airline previously known as Nas Air that flies to domestic Saudi and regional destinations.

Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding Company owns just over a 34 percent stake in the airline. It announced the value of the deal Thursday but did not disclose details of the aircraft involved.