Saudi SGS renews $266mln service agreement with flynas

SGS will provide flynas domestic and international flights with ground handling services, including ramp and passenger services at all Saudi Airports

  
A model of Saudi airline Flynas is on display during a ceremony to sign a deal between Airbus and Flynas in Riyadh, Saudi Arabia January 16, 2017. Image used for illustrative purpose

A model of Saudi airline Flynas is on display during a ceremony to sign a deal between Airbus and Flynas in Riyadh, Saudi Arabia January 16, 2017. Image used for illustrative purpose

REUTERS/Faisal Al Nasser

Riyadh – Mubasher: Saudi Ground Services Company (SGS) has reached an agreement renewal with flynas for a period of five years.

The SAR 1 billion deal is effective from the beginning of January 2020, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Tuesday.

Under the contract, SGS will provide flynas domestic and international flights with ground handling services, including ramp and passenger services at all Saudi Airports.

The ground services firm expects the deal to positively reflect on its financial results starting from the first quarter (Q1) of 2020.

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