Saudi Arabian low-cost carrier Flynas has hired Goldman Sachs Group, Morgan Stanley and Saudi Fransi Capital for a potential initial public offering on the Saudi Exchange (Tadawul), according to a Bloomberg report.
Flynas expects to go public next year. Earlier reports had suggested that Saudi Arabian sovereign wealth fund — Public Investment Fund (PIF) had been in talks
Saudi Arabian low-cost carrier Flynas plans to go public next year, having appointed Goldman Sachs, Morgan Stanley, and Saudi Fransi Capital for a potential IPO on the Saudi Exchange. The airline is expanding its fleet, currently operating 63 aircraft, and aims to reach 250 destinations as part of Saudi Arabia's National Civil Aviation Strategy. Flynas recently opened a new operations base in Madinah, adding more international and domestic routes to its network.
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