The unsecured term facility will be used for 'general corporate purposes', including the acquisition of more aircraft to add to the company’s fleet, AviLease said in a statement. Photo: AviLease
The unsecured term facility will be used for 'general corporate purposes', including the acquisition of more aircraft to add to the company’s fleet, AviLease said in a statement. Photo: AviLease

Business

Aviation

PIF-backed AviLease secures loan worth $1.1bn to fund fleet expansion

The company plans to expand its fleet to about 300 aircraft by 2030

John Benny

June 07, 2023