Font Size

- Aa +

Thu 1 Feb 2007 12:00 AM

Font Size

- Aa +

Saudi’s NAS orders 75 new planes

Riyadh-based National Air Services (NAS) is investing $2 billion to quadruple the size of its fleet.

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.