Riyadh, Saudi Arabia — AviLease, a Public Investment Fund company, has announced that it has acquired nine aircraft from global lessor Avolon, saying that the transaction follows last year’s purchase of 13 aircraft from the same leasing firm.
AviLease said the acquired portfolio offers attractive yields and further contributes to the diversification of the AviLease aircraft portfolio, which now comprises 167 owned aircraft, including purchase commitments, and 23 managed aircraft on lease to 48 airlines globally.
AviLease CEO Edward O’Byrne commented: “In the two years since our launch, AviLease has been able to quickly operationalize and ramp up a profitable leasing platform, thanks to our ability to deploy capital across multiple channels.”
Avolon CEO Andy Cronin said that he was delighted to be partnering with AviLease following the transaction in 2023. He added that “trading aircraft has always been an important element of our strategy, with over $13 billion of assets traded since Avolon was founded.”
AviLease acquires 9 aircraft from Avolon
- AviLease aircraft portfolio now comprises 167 owned aircraft, including purchase commitments, and 23 managed aircraft on lease to 48 airlines globally.
- AviLease said the acquired portfolio offers attractive yields and further contributes to the diversification of its portfolio.
Today's Headlines
By signing up you agree to our Terms of Use and Privacy Policy
The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.
Majority of tenders issued are part of Bahrain’s $32 billion infrastructure development plans Oil and gas $767m, aviation $382m, construction and engineering $194m, materials and equipment $119m Bahrain…
The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…
Shuaa Capital plans to set up three blank-check companies of around $200 million each.