RIYADH: Saudi Airlines Catering Co. has partnered up with low-cost carrier Flynas to provide the latter with inflight services for another four years at SR240 million ($64 million).
The purpose of the agreement is to offer catering services and sell onboard food-related supplies, as well as assist Flynas with logistics operations, according to a bourse filing.
It comes as an extension to a five-year deal contract worth SR501 million that was signed between both parties back in 2017.
Saudia Catering, as the company is known, expects the deal to have a positive impact on its financial statements starting from the fourth quarter of 2022.
Flynas had recorded a growth of 120 percent in the number of passengers to around 4 million during the first half of 2022, up from 1.8 million during the prior-year period.
The first sixth months of the year also witnessed the launch of 16 international destinations from Riyadh, Jeddah, Dammam, and Qassim.