PIF’s AviLease in talks to buy Standard Chartered’s jet leasing arm: Report

07/06/2023 Argaam
Logo ofPublic Investment Fund

Logo of Public Investment Fund


Aircraft Leasing Co. (AviLease), an aircraft leasing company owned by the Public Investment Fund, is in advanced talks to acquire Standard Chartered’s aviation finance business, Bloomberg reported, citing informed sources.

 

The sources said the deal could be valued at at least $3.7 billion.

 

In June 2022, the PIF launched AviLease to initially focus on sale-and-leaseback transactions with airlines, as well as fleet management services and direct orders from aircraft manufacturers. In addition, the new entity will look into expansions through portfolio and corporate acquisitions, Argaam reported.

 

Ireland-based Standard Chartered Aviation Finance owns and manages more than 120 aircraft and offers services including jet fuel hedging, debt financing and remarketing of unneeded planes. 

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.