AviLease, the new, PIF-backed global aviation lessor, has successfully delivered the first two of its twelve Airbus A320neos on lease to Saudi low-cost airline flynas. This is AviLease's first delivery following its launch in July this year. flynas is expected to receive the remaining aircraft by the end of 2023.
The swift delivery speaks to the rapid expansion of the Saudi Arabia aviation sector, which will witness the region's fastest passenger traffic growth through to 2040. AviLease, which has a mandate of supplying sustainable, efficient leasing and financing services to airlines, is already playing a major role in that expansion and will continue contributing to the domestic sector at pace and scale.
