Hassana Investment Company And AviLease Establish Strategic Partnership To Enhance Aircraft Leasing In Saudi Arabia

Hassana Investment Company and AviLease have announced a strategic partnership to establish a joint venture focused on aircraft leasing. This collaboration highlights the increasing involvement of Saudi institutional investors in the aviation sector, aligning with the Saudi National Aviation Strategy. The joint venture aims to enhance Saudi carrier fleets by providing long-term capital and sector-specific platforms.

Hassana will hold the majority stake in this venture, while AviLease will serve as the aircraft service provider. This partnership offers both international and local investors access to aviation financing assets. AviLease's technical expertise and operational capabilities are expected to support the growth and performance of the joint venture.

The initial transaction under this partnership involves acquiring a portfolio of 10 aircraft from AviLease, currently leased to Saudi-based airlines. These aircraft feature new technology and fuel efficiency, supporting Saudi Arabia's efforts to enhance sustainability within its aviation infrastructure.

Hani Aljehani, acting chief executive and chief investment officer at Hassana, emphasized their commitment to investing in resilient assets that generate sustainable cash flows. "Through our collaboration with AviLease, we aim to strengthen our exposure to the aviation leasing sector while advancing the Kingdom’s broader aviation aspirations," Aljehani stated.

AviLease CEO Edward O’Byrne highlighted that partnering with Hassana strengthens their role as a PIF company focused on delivering long-term value through superior asset management. "Partnering with Hassana reinforces our role as a PIF company delivering long-term value through best-in-class asset management and origination," O’Byrne said.

The joint venture is seen as a foundational step towards creating a scalable platform that supports the growth of Saudi Arabia's aviation ecosystem. O’Byrne expressed optimism about expanding their presence in the global aircraft leasing market through future transactions.

This initiative underscores Hassana's dedication to pursuing investment opportunities that align with their portfolio objectives. By collaborating with AviLease, they aim to contribute significantly to achieving these goals while supporting Saudi Arabia's broader aviation ambitions.

With inputs from SPA