AviLease purchases 13 aircraft from Avolon

AviLease, the new aircraft lessor fully owned by PIF, has acquired 13 aircraft from Avolon. The Saudi Arabia-based lessor will purchase both narrow and widebody aircraft, including seven A320neos, two A330neos and a Boeing 737 MAX 8. “AviLease embarked last year on its journey with ambitious aspirations to be a leading institution across the aviation leasing value chain, by establishing a diverse fleet of modern aircraft manufactured by leading global companies,” said Fahad Al-Saif, AviLease chairman. “The deal with the global leasing company, Avolon, is a true testament to our strength and unwavering purpose, and will provide us with further