AviLease, the rising global aircraft lessor, a PIF Company, has acquired nine aircraft from Avolon, a leading aircraft leasing company headquartered in Dublin, Ireland.
This marks AviLease’s second acquisition from Avolon, following last year’s successful purchase of 13 aircraft. The acquired portfolio provides attractive yields and further contributes to the diversification of the AviLease aircraft portfolio. Including the purchase commitments, the portfolio now comprises of 167 owned aircraft and 23 managed aircraft on lease to 48 airlines globally.
Edward O’Byrne CEO – AviLease
“We are delighted to close this second transaction with Avolon. We would like to thank them for the strong and mutually beneficial partnership we have built together. 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.”
Andy Cronin, CEO of Avolon, stated that, “We are pleased to be partnering with AviLease once again following on from our successful transaction in 2023. Trading aircraft has always been an important element of our strategy, with over $13 billion of assets traded since Avolon was founded.”
AviLease, founded in June 2022, is an aviation financing and leasing firm investing in the latest generation aircraft with an aim to contribute to the development of the aviation ecosystem.
The company, headquartered in Riyadh, has solid financial support and excellent competencies which will support its vision and rapid growth ambitions. AviLease’s portfolio consists of the latest generation of narrow-body and wide-body aircraft from the world’s leading manufacturers.
