The lease underscores AviLease’s commitment to expanding its portfolio
AviLease, the global aircraft lessor headquartered in Saudi Arabia and Riyadh Air, the new national carrier for the Kingdom of Saudi Arabia have signed their first aircraft lease.
The agreement covers one Boeing 787-9 Dreamliner and positions AviLease as the inaugural lessor to partner with the Kingdom’s newest airline. Delivery is scheduled in Q4-2025, marking a key milestone as Riyadh Air moves closer to its commercial launch.
The lease underscores AviLease’s commitment to expanding its portfolio of latest-generation aircraft, while supporting Riyadh Air’s strategy to introduce a technologically advanced, fuel-efficient fleet that contributes to the Kingdom’s ambition to develop a world-class aviation ecosystem.
Strategic enabler
“Becoming Riyadh Air’s first leasing partner highlights the trust placed in AviLease and reinforces our position as a strategic enabler of the Kingdom’s aviation ambitions,” stated Edward O’Byrne, CEO, AviLease.
“We are pleased to complete our first aircraft lease with AviLease as we continue building a young, fuel-efficient fleet ahead of our commercial launch,” commented Adam Boukadida, CFO, Riyadh Air.
As of Q3-2025, AviLease’s portfolio comprises 192 owned and managed aircraft on lease to 48 airlines across 29 countries.
