AviLease completes acquisition of Standard Chartered’s aircraft leasing business

AviLease, the global aircraft lessor wholly owned by Saudi Arabia’s Public Investment Fund (PIF), has successfully closed its acquisition of Standard Chartered’s aircraft leasing business. The lessor stated that the $3.6bn landmark deal further cements its position in the global aircraft financing sector.  With this acquisition, the combined business now owns and manages 167 latest technology, fuel efficient aircraft leased to 46 airlines worldwide.  The syndication of the bridge financing of $2.1bn committed as part of the transaction was successfully completed with strong support from a group of ten banks: Al Ahli Bank of Kuwait, Abu Dhabi Commercial Bank, First