Aviation PIF-backed AviLease agrees Turkish Airlines rentals By Pramod Kumar April 8, 2025, 10:29 AM Pexels/Hobl Photography AviLease will provide Turkish Airlines with a total of eight planes Saudi Arabia’s Aircraft Leasing Company (AviLease) has signed long-term leases with state-owned Turkish Airlines for Airbus A320neo aircraft. Two of the aircraft have already been delivered, with the remaining six scheduled for delivery throughout 2025, the airline said in a statement. Riyadh-based AviLease’s CEO Edward O’Byrne, said these aircraft will support Turkish Airlines’ growth plans and contribute to their fleet modernisation strategy. Saudi Arabia clears Riyadh Air for takeoff US policy rattles Middle East aviation industry Egypt partners with IFC for airport privatisation A subsidiary of the Public Investment Fund – Saudi Arabia’s sovereign wealth fund – AviLease’s portfolio comprises 200 owned and managed aircraft, including purchase commitments, that are on lease to 48 airlines. In 2023 AviLease secured more than $1 billion in its inaugural funding round for general corporate purposes, including expanding its fleet. The company signed its first leasing agreement with Flynas in 2022. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
