Latest news with #FahadAlSaif
Zawya
14-05-2025
- Business
- Zawya
AviLease places first direct order for 30 Boeing 737 MAX aircraft
Strategic investment enables AviLease to provide its global airline customer base with the most modern and fuel-efficient aircraft Riyadh, Saudi Arabia – AviLease, the global aircraft lessor headquartered in Saudi Arabia, today announced that it has signed an agreement with Boeing for an order of 30 Boeing 737-8 aircraft. Marking AviLease's first direct OEM order, this strategic investment will enable AviLease to provide its global customer base with new technology, fuel-efficient fleet solutions, while simultaneously fostering the growth of the Saudi Arabian aviation ecosystem. Deliveries are scheduled through 2032. Fahad AlSaif, Chairman of AviLease, said: "This strategic order reflects AviLease's long-term ambition of becoming a top 10 global leader in aircraft leasing, while strengthening AviLease's position as a national champion. This aligns with the mandate of PIF to contribute to the goals of Saudi Arabia's Vision 2030 and the National Aviation Strategy.' Edward O'Byrne, CEO of AviLease, commented: 'We are pleased to conclude our first direct OEM order, complementing our growth strategy towards the top of the industry. 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." 'With this order, we are strengthening our relationship with a key Saudi Arabian commercial aviation partner and expanding the global presence of the 737 MAX,' said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. 'The 737 MAX will diversify AviLease's current portfolio with the latest single-aisle technology. The 737-8's incredible versatility and unrivalled fuel efficiency will enable AviLease to grow its operations and support its airline customers' business and sustainability goals.' AviLease, a PIF Company, plays a vital role in PIF's aviation sector strategy, which aims to position Saudi Arabia as a global aviation hub. The company's growth aligns with PIF's mandate to diversify Saudi Arabia's economy in line with Vision 2030 and unlock the potential of core economic sectors. The agreement further builds on the partnership by Riyadh Air, the new world-class airline launched by PIF, which placed an order of up to 72 Boeing 787-9 Dreamliner airplanes in a multi-billion-dollar deal, highlighting Saudi Arabia's focus on being a global aviation hub. 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.
Arabian Business
14-05-2025
- Business
- Arabian Business
Saudi aircraft lessor AviLease orders 30 Boeing 737-8 jets
AviLease, the Saudi-headquartered global aircraft lessor, announced signing an agreement with Boeing for an order of 30 Boeing 737-8 aircraft. It also marked AviLease's first direct OEM order. Deliveries are scheduled through 2032. The strategic investment will enable the aircraft leasing company, part of the Public Investment Fund (PIF), to provide its global customer base with new technology, fuel-efficient fleet solutions, while simultaneously fostering the growth of the Saudi Arabian aviation ecosystem. Fahad AlSaif, Chairman of AviLease, said the strategic order reflects the company's long-term ambition of becoming a top 10 global leader in aircraft leasing. 'This also aligns with the mandate of PIF to contribute to the goals of Saudi Arabia's Vision 2030 and the National Aviation Strategy,' he said. Edward O'Byrne, CEO of AviLease, said its first direct OEM order followed the company building on its 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,' he said. Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing, said the 737 MAX will diversify AviLease's current portfolio with the latest single-aisle technology. 'With this order, we are strengthening our relationship with a key Saudi Arabian commercial aviation partner and expanding the global presence of the 737 MAX,' he said.
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
