A plane from the low-cost Saudi carrier flynas taxies on the tarmac at the King Khalid International Airport in Riyadh on January 12, 2017. AFP / FAYEZ NURELDINE
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Low-cost Saudi carrier flynas has concluded an $8.6 billion purchase deal with Airbus, a major shareholder said Thursday, as competition grows in the kingdom's expanding market.Bloomberg News reported Wednesday that a flynas order for A320 short- to medium-haul jets was imminent, and that the airline had been considering a deal for 60 planes with an option on 40 more.Saudia flew more than 29 million passengers in 2015, and in June last year placed an $8 billion order with Airbus for 50 planes for domestic flights.Airbus also booked a total of 731 net orders, beating Boeing despite a significant drop on the previous year when it logged demand for 1,036 aircraft.Last week, Boeing confirmed orders of 668 planes throughout the year, also down 13 percent on 2015 when net orders reached 768 .
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