Swissport and flynas have signed a long-term strategic partnership that will see the two companies deepen their commercial relationship in Saudi Arabia.
Under the five-year agreement, Swissport Saudi Arabia will become flynas’ exclusive ground-handling partner across the airline’s entire network in the Kingdom.
As part of the deal, flynas will acquire a 10% stake in Swissport Saudi Arabia, with an option to increase its holding to as much as 20% in the future.
The partnership will lift Swissport’s share of Saudi Arabia’s ground-handling market to around 40%, strengthening its position as one of the country’s leading aviation services providers.
The agreement also aligns with Saudi Arabia’s Vision 2030 and its aviation strategy, which aim to expand the Kingdom’s aviation sector and strengthen its position as a global transport hub.
