AviLease and Hassana Investment Company have formed a strategic partnership to launch a dedicated aircraft leasing joint venture (JV).
The initiative highlights the growing role of Saudi institutional investors in supporting and funding the expansion of Saudi's aviation sector.
Hassana will hold the majority ownership stake in the JV, with AviLease acting as the aircraft service provider for the platform. The partnership is designed to provide access to the aviation financing asset class for both international and local investors, while leveraging AviLease's technical expertise and operational capabilities to support the JV's growth and performance.
As a debut transaction under this partnership, the JV will acquire a portfolio of 10 aircraft from AviLease, which are currently leased to Saudi-based airlines. The portfolio consists of new technology aircraft.
“Through our collaboration with AviLease, we aim to strengthen our exposure to the aviation leasing sector while advancing the Kingdom’s broader aviation aspirations,” commented Hassana acting CEO and chief investment officer Hani Aljehani. "This initiative is fully aligned with our mandate to pursue compelling investment opportunities that contribute to the achievement of our portfolio objectives.”
AviLease CEO Edward O'Byrne commented: “The proposed joint venture is a foundational step in building a scalable platform that supports the growth of Saudi Arabia's aviation ecosystem. We look forward to further developing this partnership through future transactions and expanding our footprint in the global aircraft leasing market.”