Saudi Arabia’s Wealth Fund Eyes Flynas Stake to Bolster Tourism
- Saudi Arabia has been pumping money into the aviation industry
- Flynas is partly owned by Alwaleed Bin Talal’s Kingdom Holding
A Flynas plane taxies on the tarmac at the King Khalid International Airport in Riyadh.
Photographer: Fayez Nureldine/AFP/Getty ImagesThis article is for subscribers only.
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Saudi Arabia’s sovereign wealth fund is in talks to buy a stake in Flynas, a low-cost carrier that’s a key pillar of the kingdom’s attempts to bolster its tourism sector, according to people familiar with the matter.