As a debut transaction under this partnership, the JV will acquire a portfolio of 10 aircraft from AviLease
Hassana Investment Company (Hassana) and AviLease, the global aircraft lessor and a PIF company, have formed a strategic partnership to launch a dedicated aircraft leasing Joint Venture (JV).
The initiative underscores the growing role of Saudi institutional investors in shaping the future of the aviation sector by funding the expansion of Saudi carrier fleets through long-term capital and sector-focused platforms, in line with Saudi Arabia’s National Aviation Strategy objectives.
Hassana will hold the majority ownership stake in the JV, with AviLease acting as the aircraft service provider for the platform.
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 aircraft portfolio consists of new technology, fuel-efficient aircraft, reinforcing the nation’s efforts to promote efficiency and sustainability in its growing aviation infrastructure.
Compelling investment opportunities
“This initiative is fully aligned with our mandate to pursue compelling investment opportunities that contribute to the achievement of our portfolio objectives,” commented Hani Aljehani, Acting CEO and Chief Investment Officer, Hassana.
Fahad Al-Saif, Chairman, AviLease, commented on the importance of the strategic partnership between AviLease and Hassana, considering it a significant step that reflects the pivotal role of Saudi investment institutions in supporting the Kingdom’s ambitious vision and strengthening the aviation sector.
“The proposed joint venture is a foundational step in building a scalable platform that supports the growth of Saudi Arabia’s aviation ecosystem,” concluded Edward O’Byrne, CEO, AviLease.
