Saudi’s NAS orders 75 new planes

Riyadh-based National Air Services (NAS) is investing $2 billion to quadruple the size of its fleet.
Saudi’s NAS orders 75 new planes
By Barbara Cockburn
Thu 01 Feb 2007 12:00 AM

Riyadh-based National Air Services (NAS) is to add 75 aircraft to its fleet, bringing its size to over 100 by 2010, at a cost of over US$2 billion.

NAS, which has investments worth $2 billion, is to initially acquire Airbus, Gulfstream and Raytheon aircraft and a statement from the firm said that the purchase of the 75 aircraft will be financed by a number of Saudi, regional and international investors.

"The company is expanding its target base to include a wide range of customers with varying needs and providing them with innovative services and tailor-made solutions, all delivered at the highest service levels by committed employees," said Ayed Al Jeaid, NAS chairman.

For all the latest travel news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.