Flynas has agreed to acquire a 10% stake in Swissport Saudi Arabia as part of a long-term partnership that will make Swissport the airline’s exclusive ground handling provider across Saudi Arabia.

The transaction, valued at approximately $13.33 million, includes an option for flynas to acquire an additional 10% stake upon renewal of the ground handling agreement. The five-year services contract will take effect March 6, 2027, and run through March 5, 2032, with an option to renew for another five years.

The agreement will replace flynas’ existing ground handling arrangement with Saudi Ground Services Co., which is scheduled to terminate March 6, 2027. Swissport expects the new partnership to increase its share of Saudi Arabia’s ground handling market to approximately 40%.

The acquisition is subject to customary closing conditions and regulatory approvals, including clearances from Saudi Arabia’s General Authority of Civil Aviation and General Authority for Competition. Flynas said it will finance the transaction through internal resources.

“This partnership marks a major milestone for Swissport in Saudi Arabia,” said Warwick Brady, president and CEO of Swissport International. “It significantly strengthens our scale and competitive position in the Middle East's largest and fastest-growing aviation market and reflects our long-term commitment to the success and continued development of the Kingdom's aviation sector.”

Swissport has operated in Saudi Arabia for 10 years and currently employs more than 6,000 aviation professionals serving customers at 20 airports. The company said the agreement will substantially increase its operations in the Kingdom and support further expansion.

The partnership comes as flynas continues to grow its fleet and route network. The airline carried 15.8 million passengers in 2025, a 7% increase from the previous year. In July 2026, flynas confirmed orders for five A330neo widebody aircraft and 20 A321neo aircraft under existing agreements with Airbus.

Swissport said it plans to support the airline’s expansion through its ground handling expertise, workforce development and technology, including AI-enabled resource planning, advanced turnaround monitoring, robotics and autonomous ground support equipment.