Saudi budget carrier flyadeal receives first aircraft

State-owned Dubai Aerospace Enterprise (DAE) has delivered to flyadeal, Saudi Arabian Airlines’ new low-cost carrier, the first of a fleet of eight Airbus A320-200 aircraft, DAE said in a statement.

The aircraft is part of a lease deal with Dubai Aerospace, the airline said, without giving the size of the deal or how it will finance it.

“Flyadeal has selected key partners from across the aviation industry to deliver services that provide the most economical solutions for flyadeal’s low-fare, high value business model,” said flyadeal CEO Con Korfiatis.