AerCap has signed lease agreements for two 737-800 aircraft. The aircraft will be operated by Mukamalah Aviation Company (a wholly owned subsidiary of Aramco), operating under the brand name Aloula Aviation, for the transportation of Aramco Group passengers in Saudi Arabia.
The Aramco Group has been a long-time customer of AerCap through its helicopter business, Milestone Aviation, which is a leading provider of leased and financed helicopters.
Aengus Kelly, the CEO of AerCap, said: “We are pleased to expand our relationship with Aramco and Aloula from the leasing and financing of helicopters to passenger aircraft, highlighting the strong synergies across AerCap's business lines.”
Khalid Alnatour, the CEO of Aloula Aviation, said: "With the addition of these Boeing 737-800 aircraft, we are better positioned to serve other key clients, advancing our shared commitment to the Kingdom's aviation development."