AviLease orders up to 77 Airbus A320neo, A350F aircraft
This strategic investment equips AviLease, to deliver newest generation, fuel‑efficient fleet solutions to its global customer base – in passenger and cargo segments – while contributing to the expansion of Saudi Arabia's aviation ecosystem.
The agreement was signed during the first hours of the Paris Air Show by Edward O'Byrne, AviLease's CEO, and Benoît de Saint-Exupéry, EVP Sales of Airbus Commercial Aircraft, in the presence of Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics, Abdulaziz bin Abdullah Al-Duailej, President of the General Authority of Civil Aviation (GACA), Yazeed bin Abdulrahman Al-Humied, Deputy Governor and Head of MENA Investments, Public Investment Fund (PIF), Fahad bin Abdulrahman Al-Saif, Head of the Global Capital Finance Division, Public Investment Fund (PIF), and Chairman of AviLease.
Fahad AlSaif, Chairman of AviLease, said: "In less than two months, AviLease has signed two major deals, reflecting its long-term ambition to become a top 10 global player in aircraft leasing and to strengthen its position as a national champion. These milestones align with the Public Investment Fund's mandate to support the goals of Saudi Arabia's Vision 2030 and the National Aviation Strategy."
'We are proud to establish an Airbus order book, strengthening our position as a full-service, investment grade global lessor. The addition of these latest generation aircraft enhances our ability to offer modern, fuel-efficient fleet solutions to our airline partners in Saudi Arabia and around the world,' said Edward O'Byrne, CEO of AviLease. 'Our selection of the A350F is the result of close collaboration with stakeholders across the Saudi Arabian aviation ecosystem. Backed by strong local partnerships and demand aligned with Saudi Vision 2030 targets, AviLease was able to support the future growth of air cargo traffic in the Kingdom through securing the necessary aircraft delivery slots. We thank our local partners and Airbus for the strong long-term partnership we have established and look forward to placing these aircraft across our valued customer base.'
Benoît de Saint-Exupéry, Airbus EVP Sales of the Commercial Aircraft business, said: "We are delighted to welcome AviLease as Airbus' latest customer with this significant order for the all new A350F and leading A320neo Family. The A350F will set the benchmark in air cargo, offering at least 20% reduced fuel burn, better loading capacity and increased range, while the A320neo Family continues to be the world's most popular single-aisle aircraft. This dual order reinforces AviLease's credentials as a leading lessor, and it demonstrates the broad appeal of our products among lessors and their airline customers."
Last month, AviLease announced an order for 30 Boeing 737 MAX aircraft, adding to the existing portfolio of 200 aircraft on lease to 48 airlines globally, as at 31 March 2025. -TradeArabia News Service
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
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