flyadeal and Saudia Aerospace Engineering Industries (SAEI)
Enter a New Comprehensive Three-Year Aviation Maintenance Services Agreement
SAUDIA Group subsidiaries, SAEI and flydeal have signed an agreement to expand their collaboration.
Bahrain, November 9, 2022, Saudia Aerospace Engineering Industries (SAEI) the Kingdom of Saudia Arabia’s leading Maintenance Repair and Overhaul (MRO) organization, and flyadeal, the Kingdom’s everyday low-fare airline, have forged a new three-year comprehensive maintenance services agreement. The new agreement aligns SAEI and flyadeal on a pathway to develop future synergies and further growing the relationship. This agreement builds on the award earlier this year to SAEI of two heavy maintenance checks performed in Q4 2022.
The signing took place on the opening day of the Bahrain International Airshow at the SAUDIA chalet. The ceremony was attended by His Excellency, Ibrahim Al-Omar, SAUDIA Group Director-General, and executive team members from both organizations. The signatories were Captain Fahd H. Cynndy, CEO of SAEI, and Mr. Con Korfiatis, CEO of flyadeal.
Localizing aircraft maintenance within Saudi Arabia will enable flyadeal to realize future cost savings and drive efficiencies. For SAEI, this is an opportunity to compete with out-of-Kingdom MROs, demonstrating its ability to offer a winning service portfolio.
Captain Fahd H. Cynndy, CEO, SAEI, stated, “While SAEI is one of the longest established MROs in the region, its growth strategy is firmly future-focused and centered on seizing opportunities driven by innovation. This agreement is an indication of the positive momentum that we are seeing across multiple aspects of the Saudi aviation eco-system.”
Mr. Con Korfiatis, CEO, flyadeal, stated,“We are delighted to sign this new agreement with SAEI, it will play an important role in supporting and underpinning the future growth of flyadeal. It contributes to flyadeal achieving its goals of driving further efficiency and dispatch reliability, all in the interest of serving our customers.”
Saudia Aerospace Engineering Industries (SAEI), over the past six decades, has established itself as one of the largest and most experienced company in the MRO Industry. As a subsidiary of the SAUDIA Group, SAEI, has been a cornerstone for the growth and development of the aviation industry in the Kingdom of Saudi Arabia. SAEI’s mission is to become the default choice for their partners and support their needs. The company aims for meticulous safety and quality across the spectrum of maintenance, repair and overhaul.
flyadeal has been created to meet the growing demand for affordable air travel in Saudi Arabia and the Middle East. flyadeal, completed four years of operations on 23rd September 2021 (the Saudi’s National Day). The airline now operates a fleet of 26 Airbus A320s – 11 A320 CEOs and 15 A320 NEOs - and recently announced an agreement with Airbus for a firm order of 30 brand new Airbus A320 NEO aircraft and 20 further narrow-body options.flyadeal is owned by the Saudi Arabian Airlines Corporation.
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