{"id":85521,"date":"2025-04-08T00:00:00","date_gmt":"2025-04-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/04\/08\/pif-backed-avilease-to-lease-out-eight-carriers-to-turkish-airlines\/"},"modified":"2025-04-08T00:00:00","modified_gmt":"2025-04-08T00:00:00","slug":"pif-backed-avilease-to-lease-out-eight-carriers-to-turkish-airlines","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/04\/08\/pif-backed-avilease-to-lease-out-eight-carriers-to-turkish-airlines\/","title":{"rendered":"PIF-backed Avilease to lease out eight carriers to Turkish Airlines"},"content":{"rendered":"

PIF-owned, Riyadh-based aircraft leasing firm AviLease inked an agreement with Turkish <\/strong>Airlines for a long-term lease of eight Airbus A320neo jets<\/strong>, according to a statement<\/a>. The investment ticket and leasing period have not been disclosed.<\/p>\n

What we know:<\/strong> Two of the eight aircraft have already been delivered, and the remaining six are slated for delivery throughout this year, SPA<\/a> reports. The move looks to support Turkish Airlines\u2019 fleet expansion and modernization plans.<\/p>\n

Doubling down on expansion plans<\/strong>: <\/strong>AviLease snapped up an unsecured USD 1.1 bn five-year loan<\/a> to expand its fleet back in 2023. The jet lessor indicated the loan will be used for general corporate purposes, including the acquisition of additional aircraft. In October, AviLease acquired nine used aircraft<\/a> from Avolon \u2014 bringing the company\u2019s portfolio then to 167 owned aircraft. <\/p>\n

The firm is looking <\/strong>to expand its fleet<\/a><\/strong> to 300 jets by 2030<\/strong>. The growth push should see the lessor\u2019s cargo traffic double and increase its balance sheet to USD 20 bn from USD 6 bn by 2030, ultimately creating a \u201clot of capacity\u201d to acquire wide-body aircraft, CEO Ted O\u2019Byrne told Bloomberg<\/a> TV in an interview back in 2023. The lessor also hopes to issue up to USD 2 bn denominated bonds annually as part of its strategy to help KSA diversify away from oil and become a trade and logistics hub.<\/p>\n

IN OTHER AVIATION NEWS- <\/p>\n

Emirates boosts its cargo fleet:<\/strong> The UAE\u2019s flagship carrier Emirates is set to uptake five newbuild aircraft for its air cargo fleet, regional air cargo director Faisal Al-Shafei told Amwalaghad<\/a>. The airline currently has 11 operational carriers in its air cargo fleet and expects cargo operations to grow by 10% through 2025. The move aligns with the firm\u2019s plans to boost its cargo-dedicated fleet to some 32 aircrafts by 2030 and expand its cargo network to reach 72 destinations.<\/p>\n

ALSO- The Emirati airline joined the Aviation Circularity Consortium (ACC) to reinforce <\/strong>sustainability in the global aviation supply chain<\/strong>, according to a statement<\/a>. Through the partnership, Emirates looks to reduce waste, enhance efficiency, and streamline the transition to more sustainable aviation solutions. The Emirati airline will offer up its experience in embedded recycling and circular solutions \u2014 which it already deploys across its operations \u2014 to other players in the network. <\/p>\n

What\u2019s the ACC?<\/strong> The group looks to build a circular economy in the aviation sector by spearheading new ways to boost decarbonization in heavy industry and transport supply chains, according to its website<\/a>. The network was founded by aviation leaders Jamco, Qantas, Titan Leasing, Vaupell, Nandina and Sumitomo Corporation.<\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: UAE\u2019s flagship carrier Emirates is set to uptake five newbuild aircraft for its air cargo fleet<\/p>\n","protected":false},"author":1,"featured_media":85522,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[177],"tags":[145,31],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation","tag-aviation","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"2d616b0d-3a89-4589-8f0c-d3d0f05c8439","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/454.jpg","photo_position":"above","homepage_title":"","full_issue_title":"PIF-backed Avilease to lease out eight carriers to Turkish Airlines","related_issue":[85516],"teaser":"PLUS: UAE\u2019s flagship carrier Emirates is set to uptake five newbuild aircraft for its air cargo fleet","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/4\/.1b359086-d910-4341-a3d5-de5bd0f6eb8f.mp3"},"yoast_head":"\nPIF-backed Avilease to lease out eight carriers to Turkish Airlines - 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