The Clap
Saudi Airlines Catering (6004) renewed its contract with low-cost Saudi airline, Flynas for a contract worth around SAR 240 million.
The Deets
The company said that the 4 year contract will see it provide catering services and the right to retail food, beverages and other products on board the aircraft as well as some other logistics to Flynas.
Saudi Airlines Catering
Saudi Airlines Catering provides catering and support services to Saudi Airlines, and a wide range of airlines that operate flights to and from KSA.
Why this Matters
The company expected this contract to positively affect its financial results starting Q4 2022.
This will also contribute to the sustainability and promotion of its business, increase its cash flow, and diversify its sources of income.
Saudi Catering renews its contract with Flynas ✈️
