Latest news with #EdwardO'Byrne
Yahoo
13-05-2025
- Business
- Yahoo
AviLease Places First Direct Boeing Order for up to 30 737 MAX Jets
- Order supports AviLease's ambition to become a top 10 global aircraft lessor - AviLease owns and manages 200 aircraft on lease to 48 airlines RIYADH, Saudi Arabia, May 13, 2025 /PRNewswire/ -- Boeing [NYSE: BA] and AviLease, a global aircraft lessor headquartered in Saudi Arabia, announced the lessor has placed its first direct order for Boeing airplanes with a firm purchase for 20 737-8 jets and options for 10 more. The deal enables AviLease to scale up its growing portfolio and provides its customers with the latest generation, fuel-efficient aircraft. "We are pleased to conclude our first direct Original Equipment Manufacturer (OEM) order, complementing our growth strategy towards being at the top of the industry," said Edward O'Byrne, CEO of AviLease. "Building on our recently achieved investment grade ratings, this transaction proves our ability to transact across all market channels, including sale and lease-back, secondary trading, M&A and now direct OEM purchasing. These new aircraft will accelerate our growth and enable us to deliver the industry's latest generation, fuel–efficient fleet solutions. We extend our gratitude to the Boeing team for the strong long-term relationship we have built." The single-aisle order aligns with the Kingdom of Saudi Arabia's strategic plan to transform the country into a global aviation hub. The airplanes will support the country's goal of serving 330 million passengers and attracting 150 million visitors annually by 2030. "We are honored to strengthen our relationship with a key Saudi Arabian commercial aviation partner and expand the global 737 MAX fleet," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "The 737 MAX will diversify AviLease's portfolio by delivering unrivalled fuel efficiency and market-leading versatility. It's a powerful combination that will fuel AviLease's profitable global expansion and support their airline customers' business and sustainability goals." The Boeing 737, with a large global customer base and low operating costs, is a cornerstone of the leasing industry, representing approximately 30% of all financed airplanes. Boeing Media Relationsmedia@ View original content to download multimedia: SOURCE Boeing Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
29-04-2025
- Business
- Zawya
AviLease obtains investment grade ratings from Moody's and Fitch
Riyadh, Saudi Arabia – AviLease, the global aircraft lessor headquartered in Saudi Arabia, today announced that it has received investment grade corporate credit ratings of Baa2 with a stable outlook from Moody's Ratings ('Moody's') and BBB with a stable outlook from Fitch Ratings ("Fitch"). Fitch and Moody's highlighted in their decisions that the ratings reflect AviLease's high-quality portfolio of new-technology aircraft with a strong credit mix, its robust balance sheet, and the expectation that AviLease's growth will make it among the largest players in the industry by 2030. The rating agencies also recognize the strategic role of AviLease in the execution of PIF's strategy in the context of enabling the growth of Saudi Arabia's aviation sector under Vision 2030. Edward O'Byrne, CEO of AviLease, said: "From day one, AviLease was set up with an investment grade profile in mind. Through the acquisition of the Standard Chartered Aviation platform, we have been able to accelerate our strategy by at least two years, establishing a robust platform of 200 owned and managed aircraft on lease to 48 airlines globally. The ratings open the door for even greater financial flexibility, as we will be able to tap into the unsecured debt capital markets. Achieving investment grade ratings in under three years since our establishment is a remarkable feat, and we believe it positions AviLease within a select group of lessors in the industry in record time. We are honored to see our efforts recognized by Moody's and Fitch.' Fahad AlSaif, Chairman of AviLease, commented: "The investment grade ratings from Moody's and Fitch, underscore the quality of our aircraft leasing platform both in terms of operational excellence and financial robustness. These ratings will enable AviLease to access global capital markets to finance its business strategies, positioning itself at the forefront of the aircraft leasing industry, in complete alignment with the National Aviation Strategy and Saudi Arabia's Vision 2030. About AviLease AviLease is a global aircraft lessor headquartered in Saudi Arabia. Backed by the long-term capital of its visionary shareholder PIF, AviLease aims to become a top 10 global player in aircraft leasing. As dynamic capital allocators, AviLease owns and manages a portfolio of 200 predominantly new-technology, fuel-efficient aircraft on long-term lease to 48 airline customers. With a seasoned global team of 85 professionals across five offices, AviLease serves as a national champion in aircraft leasing and plays a pivotal role in Saudi Arabia's Vision 2030 and National Aviation Strategy. For more information please visit: For Inquiries, please contact: Rawan Al Hosban
Arab News
29-04-2025
- Business
- Arab News
PIF's AviLease secures investment-grade ratings from Moody's, Fitch
RIYADH: Saudi Arabia's AviLease has secured investment-grade corporate credit ratings from Moody's and Fitch Ratings, as the global aircraft lessor continues to expand its portfolio and strategic role within the Kingdom's aviation sector. Owned by Saudi Arabia's Public Investment Fund, AviLease announced it received a Baa2 rating with a stable outlook from Moody's and a BBB rating with a stable outlook from Fitch. The two agencies highlighted AviLease's high-quality portfolio of new-technology aircraft with a strong credit mix, alongside its robust balance sheet and growth trajectory. They noted that the company is expected to become one of the largest players in the global leasing industry by 2030. 'The ratings open the door for even greater financial flexibility, as we will be able to tap into the unsecured debt capital markets,' Edward O'Byrne, CEO of AviLease, said in a press release. He continued: 'Achieving investment-grade ratings in under three years since our establishment is a remarkable feat, and we believe it positions AviLease within a select group of lessors in the industry in record time.' The ratings also recognize AviLease's strategic role in supporting PIF's aviation sector initiatives under Saudi Arabia's Vision 2030. 'These ratings will enable AviLease to access global capital markets to finance its business strategies, positioning itself at the forefront of the aircraft leasing industry, in complete alignment with the National Aviation Strategy and Saudi Arabia's Vision 2030,' Fahad Al-Saif, chairman of AviLease, said.
Arab News
24-04-2025
- Business
- Arab News
PIF-owned AviLease secures $1.5bn credit facility to boost global expansion
RIYADH: Saudi-backed AviLease has closed a $1.5 billion unsecured revolving credit facility to support its international expansion and investment in next-generation, fuel-efficient aircraft. The conventional three-year facility was oversubscribed, attracting commitments from 20 global banks, including eight new lenders from Europe, Asia, and North America, the company said in a release. Owned by Saudi Arabia's Public Investment Fund, AviLease is central to the Kingdom's push to diversify its economy and develop a globally competitive aviation industry under its Vision 2030 strategy. Edward O'Byrne, CEO of AviLease, said: 'We are pleased to close this facility, noting the strong international demand. Together with our existing revolver of $750 million, it brings our immediately‑available committed facilities to $2.25 billion, spanning 25 local and global lenders.' He added: 'This enhanced liquidity positions us to continue our expansion, investing in latest‑technology, fuel‑efficient aircraft while maintaining the conservative financial policy that underpins our strategy.' Headquartered in Riyadh, the firm manages a fleet of 200 aircraft — largely composed of new-technology models — leased to 48 airline customers worldwide. Earlier this month, AviLease signed a memorandum of understanding with Turkish Airlines for the long-term lease of eight Airbus A320neo aircraft. Two aircraft have already been delivered, with the remainder scheduled for delivery throughout 2025. In March, the lessor delivered three A320neo aircraft to SDH Wings, a joint venture between AviLease and China's sovereign wealth fund, in which the Kingdom holds a 10 percent stake. The firm is also investing in local talent development. Earlier this year, AviLease partnered with Prince Sultan University and Riyad Bank to deliver a specialized aviation financing course to more than 150 professionals. At the time, the company said the initiative aimed to equip Saudi talent to lead the Kingdom's aviation finance sector and support the human capability development goals outlined in Vision 2030. AviLease also stated that it will continue to create local economic value and generate both direct and indirect employment opportunities for Saudi nationals across the aviation and financial services sectors. In October, AviLease expanded its fleet with the acquisition of nine aircraft from global lessor Avolon, building on a previous transaction in which it purchased 13 aircraft from the same company the year before. The deal was followed by AviLease's first transaction with BBAM, one of the world's leading aircraft lessors, through which it acquired a Boeing 787-9. The acquisition marked the introduction of the 787-9 to AviLease's operating lease portfolio and added a new airline customer based in the Americas, further diversifying the company's global client base.
Zawya
21-04-2025
- Business
- Zawya
AviLease returns as lead sponsor for the second Airline Economics Growth Frontiers Conference in Saudi Arabia
Program of presentations and panels cover all aspects of the booming Saudi Arabian aviation ecosystem Riyadh, Saudi Arabia – AviLease, the global aircraft lessor headquartered in Saudi Arabia, is proud to return as the lead sponsor of the second Airline Economics Growth Frontiers Conference in Saudi Arabia. Taking place at the JW Marriott Hotel on 29-30 April 2025, the conference offers a dynamic program of keynote presentations and expert panels focused on aviation finance, covering all aspects of the rapidly growing aviation ecosystem in Saudi Arabia. Building on the success of last year's inaugural event, the 2025 conference will feature senior executives from across the aviation value chain – airline CEOs, OEM leadership, and experts in aviation finance, law, operations, MRO and infrastructure – for two days of debate on the funding, fleet and technology trends reshaping global aviation. 'As a national champion for Saudi Arabia's Vision 2030 aviation ambitions, AviLease is delighted to help bring leading financiers, operators and innovators to Riyadh,' said Edward O'Byrne, CEO of AviLease. 'Significant capital is being deployed to grow airline fleets, expand infrastructure and develop best‑in‑class MRO and leasing capabilities. The Airline Economics conference provides the perfect forum to showcase these opportunities and foster new partnerships.' For more information on the conference schedule and registration, please visit: About AviLease AviLease is a global aircraft lessor headquartered in Saudi Arabia. Backed by the long-term capital of its visionary shareholder PIF, AviLease aims to become a top-10 global player in aircraft leasing. As dynamic capital allocators, AviLease owns and manages a portfolio of 200 predominantly new-technology, fuel-efficient aircraft on long-term lease to 48 airline customers. With a seasoned global team of 85 professionals across five offices, AviLease serves as a national champion in aircraft leasing and plays a pivotal role in Saudi Arabia's Vision 2030 and National Aviation Strategy. For more information please visit:
