AviLease, the aircraft lessor headquartered in Saudi Arabia, has closed an unsecured revolving credit facility (RCF) of $1.5 billion.
The conventional, three-year facility was significantly oversubscribed, attracting commitments from 20 leading banks across the globe, including eight new banking partners from Europe, Asia and North America, the company said.
Edward O’Byrne CEO – AviLease
“We are pleased to close this facility, noting the strong international demand. Together with our existing revolver of $750 million, it brings our immediately available committed facilities to $2.25 billion, spanning 25 local and global lenders.”
“This enhanced liquidity positions us to continue our expansion, investing in the latest technology and fuel-efficient aircraft while maintaining the conservative financial policy that underpins our strategy,” O’Byrne added.
Last year, the PIF-owned company successfully raised a $2.5 billion, five-year unsecured term facility. AviLease raised this facility to fully refinance a bridge facility that AviLease secured in 2023 when it acquired Standard Chartered’s aircraft leasing platform.
Earlier this month, AviLease signed strategic agreements with Turkish Airlines for long-term leases of eight Airbus A320neo aircraft, in a significant move to expand its fleet. Two of the aircraft have already been delivered, with the remaining six scheduled for delivery throughout 2025.
As of today, AviLease’s portfolio consists of 200 owned and managed aircraft, including purchase commitments, on lease to 48 airlines.
AviLease is also participating in the second edition of the Airline Economics Growth Frontiers Conference in Riyadh.
