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Saudi carrier flynas in $8.6 bn Airbus deal: shareholder

RIYADH: Low-cost Saudi carrier flynas has concluded an $8.6 billion purchase deal with Airbus, a major shareholder said Thursday, as competition grows in the kingdom's expanding market. Kingdom Holding Co, which owns a 34 percent stake in the airline, said flynas has finalised the "deal with Airbus for the purchase of new aircraft". It gave no details of the number or type of planes that flynas will acquire but a source close to the negotiations told AFP they are from the A320 family of single-aisle aircraft.…