Lessor AviLease has delivered three A320neo aircraft to SDH Wings International Leasing - a joint venture with the Chinese sovereign fund in which AviLease holds a 10% stake.
AviLease acquired a 10% share of SDH Wings as part of its acquisition of Standard Chartered's aviation finance leasing business in December 2023. This delivery being part of a broader memorandum of understanding (MoU) to acquire a further 20 predominantly new-technology aircraft.
“This delivery is a significant milestone in our relationship with SDH Wings,” said Ted O’Byrne, CEO of AviLease. “We are pleased to support their growth through these next generation aircraft and look forward to expand the partnership.”
Under the MoU, AviLease will support SDH Wings in expanding its fleet portfolio while strengthening the partnership with Sichuan Development International Holdings (SDIH), the majority shareholder of SDH Wings.