Investor: Saudi airline Flynas to buy $8.6B in Airbus planes

DUBAI, United Arab Emirates (AP) — A major shareholder in Saudi airline Flynas says the discount carrier has reached a deal to buy $8.6 billion worth of planes from European plane-maker Airbus.

Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding Company announced the deal Thursday, though it did not say how many aircraft or what type were involved.