Avi Lease, a subsidiary of the sovereign fund, signs a lease agreement for 8 aircraft with Turkish Airlines.

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Riyadh – Mubasher: AviLease , a global aircraft finance and leasing company owned by the Public Investment Fund (PIF), signed a strategic agreement with Turkish Airlines to conclude a long-term lease for eight Airbus A320neo aircraft.

The company explained, on Monday, that two aircraft have been delivered under this agreement, with the remaining six aircraft to be delivered during the current year 2025, according to the Saudi Press Agency (SPA) .

Avi Lease CEO Edward O'Brien expressed his pride in taking cooperation with the Turkish national carrier to new levels, noting that these aircraft will support Turkish Airlines in its plans to enhance its growth path and contribute to its strategy of modernizing its fleet and achieving its sustainability goals .

Avi Lease currently has a fleet of 200 owned and managed aircraft, including purchase commitments and leases to 48 airline customers .

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