AviLease, a rapidly growing global aircraft lessor owned by the Public Investment Fund (PIF), has announced its acquisition of nine aircraft from global lessor Avolon. This marks the second transaction between the two companies, following last year’s successful purchase of 13 aircraft.
The newly acquired aircraft portfolio offers attractive yields and supports AviLease’s strategy to diversify its fleet, which now consists of 167 owned aircraft (including purchase commitments) and 23 managed aircraft, leased to 48 airlines worldwide.
Edward O’Byrne, Chief Executive Officer of AviLease, expressed his satisfaction with the deal, emphasising the strong partnership between AviLease and Avolon. He stated: “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.”
Avolon’s Chief Executive Officer, Andy Cronin, also commented on the transaction, highlighting that trading aircraft remains a vital element of Avolon’s strategy. Since its founding, the company has traded over US$13 billion worth of assets, reinforcing its position as a leading player in the aircraft leasing market.
