1 Day
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الاقتصادية
NAS Air invests 50M riyals in Swissport
Saudi airline Flynas has announced a deal to acquire a 10% stake in ground handling services company Swissport for 50 million riyals. This makes Swissport their exclusive partner in ground handling services for five years, with an option to increase the stake to 20%. The aim is to strengthen Swissport's presence in the Saudi ground handling market and support the rapid growth of the Saudi aviation sector in line with Saudi Vision 2030. It is expected that this deal will raise Swissport’s market share to around 40%, further establishing its position as one of the leading providers of airline ground services in Saudi Arabia. The investment will also contribute to the development of airline operations, improve efficiency, and support the company's future expansion.
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