Flynas Buys 10% Stake In Swissport Saudi Arabia

Saudi low-cost carrier Flynas has agreed to acquire a 10% stake in Swissport Saudi Arabia, with an option to increase its holding in the ground-handling provider in future.

As part of the agreement, Swissport will become Flynas's exclusive ground handling partner across the country for the next five years. The deal is expected to lift Swissport's share of Saudi Arabia's ground-handling market to around 40%. 

Flynas Chair Ayed Al Jeaid says the airline's rapid fleet and network expansion made the move necessary. “The unprecedented expansion of our fleet and destination network necessitates building an integrated services ecosystem that keeps pace with this growth and supports its sustainability,” he says. “Our direct investment in the ground handling sector is a strategic extension of our operations.”

Warwick Brady, president and chief executive of Swissport International, says the agreement “strengthens our scale and competitive position in the Middle East's largest and fastest-growing aviation market.”

The tie-up comes as Flynas continues its rapid growth. The airline expanded capacity by more than 60% between 2019 and 2024 and carried 15.8 million passengers in 2025, up 7% on the previous year.

It operates 156 routes to more than 80 domestic and international destinations in 38 countries with more than 2,000 weekly flights.

In July 2026, Flynas confirmed orders for five Airbus A330neo and 20 A321neo, bringing its confirmed Airbus orders to 235 aircraft out of a total orderbook of 280 aircraft.