Saudi Jet Lessor Aims to Double Fleet After StanChart Deal
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Saudi Arabian jet lessor AviLease is seeking to double its fleet by 2030, supported by its owner, the kingdom’s wealth fund, which plans to pump in billions of dollars of capital over the next few years.
The firm will manage 167 jets following the acquisition of Standard Chartered Plc’s aviation finance business this week and wants to grow that to 300 over the next seven years, Chief Executive Officer Ted O’Byrne said in an interview with Bloomberg TV on Wednesday.