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NAS Air ends ground services contract in March 2027
The Saudi Ground Services Company announced that it has received a notice from Flynas Airlines regarding the termination of the ground handling services contract between them, effective March 5, 2027. This comes after the contract was renewed in April 2024 for a period of five years, during which its revenue reached 151.46 million riyals until mid-2026, and it is expected to reach 306 million riyals by the end of 2026. The company's financial performance for the current year was not affected, as services continued to be provided during the notice period. However, a financial impact is anticipated starting from March 2027. The company is taking measures to improve performance and reduce the potential financial impact.
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