Saudi Arabian low-cost carrier Flynas will establish a Syrian division operating under the Flynas Syria brand, with operations commencing in the fourth quarter of this year, SPNA reported on February 8.
Flynas Syria will be owned by a joint venture, with 51% held by the Syrian General Authority of Civil Aviation and the remaining 49% held by Flynas.
The airline will serve destinations in the Middle East, Europe and Africa to improve connectivity from Syria, though fleet details have yet to emerge. Flynas has orders for 200 A320neos and A321neos, of which 61 have been delivered, plus 15 A330-900s.
The carrier currently operates to Damascus from Riyadh, Jeddah and Dammam.
Flynas said all necessary licensing and operational procedures are being finalised in coordination with relevant authorities, stressing the airline will comply with the highest aviation safety and security requirements.
Omar Hisham Al-Hosari, president of the Syrian General Authority of Civil Aviation, said the joint-venture agreement is a "strategic step" within the broader effort to "rebuild and reshape" the country's air transport sector based on "modern economic and regulatory foundations."
Flynas chief Bander Almohanna said the Syrian venture is a "leap" in the airline's growth strategy that "will positively impact the company's financial performance and bolster investor confidence in our ability to create long-term value."
"We are proud to bring our pioneering low-cost aviation experience to the Syrian market, establishing a world-class low-cost carrier that contributes to Syria's regional and international connectivity," Almohanna said.
Saudi representatives also signed an agreement covering development and operation of Syrian airports in Aleppo during the ceremony in Damascus.