Riyadh - Mubasher: Flynas Company recently signed a ground handling services agreement with Swissport Saudi Arabia Limited is projected to involve annual purchases equivalent to approximately 5% of the airline's total revenue.
This disclosure follows the company's earlier announcement regarding the acquisition of a 10% equity stake in Swissport Saudi Arabia Limited.
The revenue benchmark for this valuation is based on the company's audited financial statements for the fiscal year ending 31 December 2025.
The agreement establishes a new framework for aviation ground handling services and coincides with the termination of the airline's existing contract with Saudi Ground Services Company.
Flynas stated that this supplemental disclosure, intended to provide additional transparency regarding the scale of the commercial arrangement, carries no immediate financial impact beyond what was previously communicated.
The strategic move integrates the national carrier further into its service supply chain through the minority ownership position and the long-term service contract.
