Saudi low-cost carrier flynas has signed an agreement to establish a new airline in Syria, marking a step toward the gradual rebuilding of the country’s civil aviation sector.
The new carrier, to be branded flynas Syria, will be established as a joint venture between flynas and the Syrian General Authority of Civil Aviation and Air Transport. Under the agreement, the Syrian authority will hold a 51% stake, while flynas will own the remaining 49%.
The agreement was signed on February 7, 2026, in Damascus, in the presence of Syrian President Ahmad Al-Sharaa, and forms part of broader Saudi-Syrian investment cooperation, coordinated with the Saudi Ministry of Investment. Officials stated that all licensing, regulatory, and operational requirements will be completed in coordination with the relevant aviation authorities.
According to flynas, the new airline will operate scheduled commercial services to destinations across the Middle East, Africa, and Europe. The aim is to restore and expand air connectivity to and from Syria, where international air links have remained limited following years of conflict, sanctions, and infrastructure challenges.
From a financial perspective, flynas said the impact of the joint venture will be reflected in its results once flynas Syria begins operations, through its share of profits or losses. The timing and scale of that impact cannot yet be determined, as the airline is still in the incorporation and approval phase.
flynas already has a growing operational presence in Syria. In June 2025, it became the first Saudi carrier to resume scheduled flights to Damascus (DAM), and it currently operates 23 weekly services from Riyadh (RUH), Jeddah (JED), and Dammam (DMM). The launch of flynas Syria would represent a deeper commitment to the market, shifting from a foreign operator to a local airline partner.
Commercial operations of flynas Syria are planned to begin in the fourth quarter of 2026, subject to regulatory approvals.