New Saudi plane lessor AviLease wins deal with Flynas for 12 Airbus A320neos – The National
- Date: 20-Jul-2022
- Source: The National
- Sector:Financial Services
- Country:Saudi Arabia
New Saudi plane lessor AviLease wins deal with Flynas for 12 Airbus A320neos – The National
Saudi Arabia's new plane lessor and financier AviLease, backed by the kingdom's sovereign wealth fund, has won its first leasing deal as the country seeks to develop its air transport sector.
AviLease, which is wholly owned by the Public Investment Fund (PIF), started operations on Monday in a ceremony in London to coincide with the Farnborough Airshow.
The lessor signed a purchase-and-leaseback deal with Riyadh-based discount airline Flynas for 12 new Airbus A320neo jets, it lessor said in a statement on Tuesday.
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