Saudia creates new low cost airline

Saudi Arabian Airlines (Saudia) announced the establishment of a new airline company to provide low cost air transport, according to the Saudi Press Agency. The new company will be called Flyadeal.
The low-cost carrier will begin operations from the middle of next year, Saudia chief Saleh Al-Jasser said.
It will operate independently of its parent firm, Jasser was quoted as saying by SPA at a ceremony on Sunday.
In December, Al-Jasser said the airliner's ticket prices are still the lowest despite the SR30 increase in airfares.
Back in June 2015, at the Paris Air Show, Saudia ordered 50 passenger planes from Airbus with a total catalogue value of some $8.0 billion.