Asyad sells in
Asyad brings local investors into its newest LNG carriers: Asyad Shipping sold a 20% stake in each of the companies that own the Muscat LNG and Musandam LNG carriers to two Omani investors, according to a disclosure (pdf) to the Muscat Stock Exchange. The Oman LNG Development Foundation and Mars Development and investment will each hold 10% in both shipowning companies, while Asyad will retain the remaining 80%.
REMEMBER- This comes alongside an ongoing fleet renewal. Asyad has been disposing of older tonnage while replacing it with younger, more efficient vessels. The company agreed late last year to sell four partially owned LNG carriers for USD 110 mn, booking an expected USD 51 mn loss, and sold the 2001-built Sohar LNG for USD 23 mn in June.
Going long
Flynas confirmed five A330neo widebodies and 20 A321neos under its existing Airbus agreements, according to a press release. The purchase takes its firm Airbus orderbook to 235 aircraft — 84% of its 280-jet total — with the A330neo commitment rising to 20 and the A321neo commitment to 56.
These jets were already on the books as options and purchase rights. Flynas converted five A330neo options and 20 of its 55 available A321neo purchase rights under its existing 2016 and 2024 Airbus agreements, according to a Tadawul disclosure. That leaves 10 A330neo options and 35 A321neo purchase rights still available. Deliveries run 2032-2034, with pricing and terms unchanged from the original agreements.
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