flynas posts record-breaking results with 47% increase in passengers

Flynas bought 160 Airbus airplanes in July in a sign of its continued growth. SPA
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Updated 02 August 2024
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flynas posts record-breaking results with 47% increase in passengers

  • Growth attributed to airline’s strategic expansion plan
  • Airline’s recent achievements include 37% increase in seat capacity and expansion of domestic summer destinations

RIYADH: Saudi Arabia’s low-cost airline flynas achieved a record-breaking 47 percent increase in passenger numbers, surpassing 7 million travelers in the first half of 2024.

This growth is attributed to the airline’s strategic expansion plans, including fleet upgrades, increased capacity, and global network expansion.

The recent acquisition of 160 Airbus airplanes in July, more than doubling its total orders to 280 within seven years, is a key factor in this performance.

Flynas’ CEO and Managing Director Bander Al-Mohanna highlighted that these developments align with Saudi Arabia's National Civil Aviation Strategy, which aims to connect the Kingdom with 250 international destinations and accommodate 330 million passengers by 2030.

Al-Mohanna also noted that flynas’ “We Connect the World to the Kingdom” initiative supports the Pilgrims Experience Program, successfully transporting over 100,000 pilgrims from 20 countries in the first half of the year.

““Our strategy will also play a key part in driving the objectives of the Pilgrims Experience Program to facilitate access to the two holy mosques,” he said.

As part of Saudi Arabia’s Vision 2030, which seeks to diversify the economy away from oil dependency, significant investments are being made in the aviation sector. These investments focus on enhancing infrastructure, boosting tourism, and increasing international connectivity.

The airline’s recent achievements include a 37 percent increase in seat capacity and the expansion of domestic summer destinations, reflecting the airline’s commitment to supporting the Kingdom’s tourism sector. Additionally, the delivery of six A320neo aircraft and the addition of 25 new A320neo planes over the past 18 months have expanded the fleet to 60, creating new job opportunities for Saudis and advancing programs to nationalize key positions within the company.

Overall, flynas is positioned as a pivotal player in Saudi Arabia’s ambitious aviation growth plans, driving forward the nation's strategic objectives and enhancing its global connectivity.


Egypt-born Dina Powell McCormick appointed Meta president and vice chairman

Updated 13 January 2026
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Egypt-born Dina Powell McCormick appointed Meta president and vice chairman

  • The former Goldman Sachs partner and White House official previously served on Meta’s board of directors
  • Powell McCormick, who was born in Cairo and moved to the US as a child, joins the management team and will help guide overall strategy and execution

LONDON: Meta has appointed Egypt-born Dina Powell McCormick as its new president and vice chairman.

The company said on Monday that the former Goldman Sachs partner and White House official, who previously served on Meta’s board of directors, is stepping up into a senior leadership role as the company accelerates its push into artificial intelligence and global infrastructure.

Powell McCormick, who was born in Cairo and moved to the US as a young girl, will join the management team and help guide its overall strategy and execution. She will work closely with Meta’s Compute and infrastructure teams, the company said, overseeing multi-billion-dollar investments in data centers, energy systems and global connectivity, while building new strategic capital partnerships.

“Dina’s experience at the highest levels of global finance, combined with her deep relationships around the world, makes her uniquely suited to help Meta manage this next phase of growth as the company’s president and vice chairman,” Meta founder and CEO Mark Zuckerberg said.

Powell McCormick has more than 25 years of experience in finance, national security and economic development. She spent 16 years as a partner at Goldman Sachs in senior leadership roles, and served two US presidents, including stints as deputy national security adviser to Donald Trump, and a senior State Department official under George W. Bush.

Most recently, she was vice chair and president of global client services at merchant bank BDT & MSD Partners.