AviLease Inks Deal with Turkish Airlines for Eight A320neo Jets

Deal News | Apr 07, 2025 | Zawya

AviLease Inks Deal with Turkish Airlines for Eight A320neo Jets

AviLease, headquartered in Saudi Arabia, has entered into a strategic partnership with Turkish Airlines for the long-term lease of eight Airbus A320neo aircraft. Two of these aircraft have already been delivered, and the remaining six are expected to be delivered by 2025. AviLease's CEO, Edward O'Byrne, highlighted this deal as a step to solidifying their relationship with Turkish Airlines and aiding in the airline's growth and fleet modernization strategy. AviLease currently boasts a portfolio of 200 aircraft, leased to 48 airlines across the globe.

Sectors

  • Aerospace & Defense
  • Commercial Aviation

Geography

  • Saudi Arabia – AviLease is headquartered in Saudi Arabia, playing a vital role in the transaction.
  • Turkey – The deal involves Turkish Airlines, based in Turkey, making this geography significant.

Industry

  • Aerospace & Defense – The lease of A320neo jets falls under the aerospace sector, involving aircraft manufacturing and leasing activities.
  • Commercial Aviation – The article discusses leasing activities to a commercial airline, which directly involves the commercial aviation industry.

Financials

    Participants

    NameRoleTypeDescription
    AviLeaseLessorCompanyAn aircraft leasing company based in Saudi Arabia, managing a portfolio of 200 aircraft.
    Turkish AirlinesLesseeCompanyTurkey's national flag carrier airline involved in leasing A320neo aircraft from AviLease.
    Edward OByrneCEOPersonCEO of AviLease, announced the strategic lease agreement with Turkish Airlines.