PFI-backed AviLease delivers first two of 12 Airbus A320neos to flynas

PFI-backed AviLease delivers first two of 12 Airbus A320neos to flynas

AviLease, the rapidly expanding, PIF-backed global aviation lessor, has successfully delivered the first two of its 12 Airbus A320neos on lease to Saudi carrier flynas, the leading low-cost airline in the Middle East. The milestone delivery is the first in the company’s history, following its launch in July this year. Flynas is expected to receive the remaining aircraft by the end of 2023.

The swift delivery speaks to the rapid expansion of the Saudi Arabia aviation sector, which will witness the region’s fastest passenger traffic growth through to 2040.

AviLease, which has a mandate of supplying sustainable, efficient leasing and financing services to airlines, is already playing a major role in that expansion, and will continue contributing to the domestic sector at pace and scale.The Airbus A320neo is one of the most fuel-efficient, sustainable, and technologically advanced narrow-body aircraft on the market. This first delivery sets the tempo for AviLease, which is seeking to build a diverse portfolio of the most advanced, latest-generation narrow- and wide-body aircraft available.

Edward O'Byrne, Chief Executive Officer, AviLease, said, “Today marks a significant moment in our story, and speaks to the operational pace and excellence we have set for ourselves at AviLease. From day one, we have