- Strategic joint venture will launch a dedicated, scalable aircraft leasing platform enhancing efficiency and sustainability in Saudi aviation infrastructure

- AviLease, a PIF company, will serve as partner and service provider through its technical and operational capabilities

- The JV will acquire from AviLease a portfolio of 10 new-technology, fuel efficient aircraft currently serving Saudi airlines

Hassana Investment Company (Hassana) and AviLease, the global aircraft lessor and a PIF company, today announced their strategic partnership to launch a dedicated aircraft leasing joint venture (JV).

The initiative underscores the growing role of Saudi institutional investors in shaping the aviation sector’s future 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, with AviLease acting as the platform’s aircraft service provider. The partnership is designed to provide access to the aviation financing asset class for both international and local investors, while leveraging AviLease’s technical expertise and operational capabilities to support the JV’s growth and performance.

AviLease CEO Edward O’Byrne said: “Partnering with Hassana reinforces our role as a PIF company delivering long-term value through best-in-class asset management and origination. The proposed joint venture is foundational in building a scalable platform that supports the growth of Saudi Arabia’s aviation ecosystem. We look forward to further developing this partnership through future transactions and expanding our footprint in the global aircraft leasing market.”