BRIEF-Flynas Signs JV Arrangement To Establish And Operate LCC Airline Co With SCAA

FLYNAS +1.07%
Tadawul All Shares Index +0.90%

FLYNAS

4264.SA

52.00

+1.07%

Tadawul All Shares Index

TASI.SA

11589.05

+0.90%

Feb 8 (Reuters) - flynas Company SJSC 4264.SE:

  • FLYNAS COMPANY SJSC - SIGNING A JOINT VENTURE ARRANGEMENT TO ESTABLISH AND OPERATE LCC AIRLINE COMPANY WITH SYRIAN CIVIL AVIATION AUTHORITY

  • FLYNAS - FLYNAS HOLDING INITIAL 49% OWNERSHIP INTEREST AND SYRIAN CIVIL AVIATION AUTHORITY HOLDING 51% IN JV

  • PRIMARY OBJECTIVE OF JOINT VENTURE IS TO ESTABLISH “FLYNAS SYRIA” AS A SYRIAN-BASED LOW-COST CARRIER

Source text: ID:nSSE7cbdyD

Further company coverage: 4264.SE


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