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RIYADH: Saudi Arabia’s Public Investment Fund has launched an aircraft leasing company named AviLease, according to a statement.
PIF said AviLease will initially focus on scaling through purchase-and-lease-back transactions with airlines, portfolio acquisitions and direct orders from aircraft manufacturers.
PIF added that AviLease will also look into expansions through corporate acquisitions.
AviLease’s fleet will consist of narrow-body and wide-body aircraft developed by the world’s leading manufacturers.
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