flyadeal CEO Update

Saudia Arabia’s flyadeal is a brand new LCC, having commenced domestic operations in Sep-2017. The Saudia subsidiary plans to have a fleet of five leased A320s by the end of 2017 and eight leased A320s by the end of 1H2018. CEO Con Korfiatis discusses the airline’s positioning in the Saudi Arabian market and plans for international services, which are expected to commence in 2Q2018. In this extensive interview, Mr Korfiatis also discusses the flyadeal’s RFP for new aircraft, its business model, its relationship with Saudia, the regulatory environment, the expected rate of domestic growth and inbound tourism opportunities.