Saudi Arabian budget airline Flynas received $109 billion in orders following the institutional round of its IPO, in a consequential public offering for the low-cost airline marketplace. The Riyadh-based firm has an established route map that extends to Brussels, Casablanca and Mumbai. The main objectives for the IPO are to expand the fleet and network, including the lucrative Hajj and Umrah religious travel market, and to become fully digitalized while escalating its cargo operations. In 2024,