Flynas takes 10% stake in Swissport Saudi Arabia, signs five-year ground handling deal
Saudi budget carrier Flynas has acquired a 10% stake in Swissport Saudi Arabia and signed a five-year agreement making Swissport its exclusive ground handler in the kingdom, deepening their partnership beyond a standard airline-service provider relationship.
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Saudi low-cost airline Flynas and ground handling company Swissport have expanded their cooperation. Flynas will take a ten percent stake in Swissport Saudi Arabia, with an option to increase its holding to up to 20 percent. The move goes beyond a typical airline-service provider relationship.
Under a five-year contract, Swissport will become the exclusive ground handler for Flynas at all airports served by the airline in Saudi Arabia. The deal is expected to lift Swissport's share of the Saudi ground handling market to around 40 percent. Swissport has operated in the country for ten years and employs more than 6,000 staff at 20 airports.
Flynas cited its strong fleet and network growth as a reason for the investment. In 2025 the airline carried 15.8 million passengers, up seven percent year on year. In July 2026 it confirmed an order for five more Airbus A330neo and 20 A321neo aircraft, bringing its confirmed Airbus orders to 235 planes. Its total order book stands at 280 jets.
Sources
- aerotelegraph.comFlynas steigt bei Swissport Saudi Arabia ein