Saudi budget carrier flynas says to become profitable this year

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By Marwa Rashad RIYADH, April 2 (Reuters) - Saudi Arabia's first and only budget airline, flynas, aims to grow at least 20 percent annually and expects to turn profitable in 2014 after seven years of losses, the company's chief executive said. More than 64 million passengers passed through Saudi Arabia's 28 airports in 2012, up nearly 19 percent from 2011, according to the latest data available from the General Authority of Civil Aviation. Saudi Arabian Airlines (Saudia), the national carrier, and privately held flynas, launched in 2007, are currently the only options for flying domestically within the country, and they are struggling to keep up with demand. We have to grow very quickly and get critical mass," flynas CEO Raja Azmi said in an interview.

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