What Happened
Ground Handling Deal Supports Saudi Aviation Ambitions
Swissport and flynas have announced a long-term strategic commercial and financial partnership aimed at strengthening Swissport’s position in Saudi Arabia and supporting the Kingdom’s ambitions to become a global aviation hub. Under the five-year agreement, Swissport Saudi Arabia will become flynas’ exclusive ground handling partner, and flynas will acquire a 10% equity stake in Swissport Saudi Arabia. The partnership is expected to expand Swissport’s operations in the Kingdom and reinforce its role in the country’s Vision 2030 aviation strategy. This development was reported by an unknown source.