Industry

Published on June 14th, 2021 | by Alan Dwyer

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JSA Delivers 3 NEO’s to FlyNAS

Dublin based Jackson Square Aviation (JSA) has announced a purchase and leaseback financing for the Saudi Arabian airline, Flynas with the delivery of three Airbus A320neo aircraft under long term leases. FlyNAS operate a fleet of nearly 40 Airbus A320’s with the recent deliveries all being the new NEO version. They have a further 75 A320’s on order and 10 A321XLRs. The airline was founded in 2007 and they operate to destinations across Saudi Arabia as well as North Africa, Middle East and destinations as far as Pakistan. They have previously operated a long haul fleet to the UK and China but scaled back in 2014 due to poor performance of the routes.

Commenting on the deal was Jackson Square’s President and Chief Commercial Officer Chris Dailey who said, “We are excited to provide a comprehensive financing solution to Flynas with the delivery of these latest technology and fuel efficient A320neo aircraft and welcome the airline as our newest customer.”

Also commenting was CEO & MD of Flynas, Bander Almohanna who added “Flynas is delighted to start a new relationship with Jackson Square Aviation, and we look forward to expanding business with JSA in the future to further strengthen the airline’s growth with a large order.”

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