Saudia Group and AviLease sign leasing agreement for 20 new aircraft

Saudia Group has signed a sale and leaseback agreement with AviLease for 20 New Aircraft.

The agreement will see AviLease deliver 20 Airbus A320neo aircraft to be operated on long-term leases by flyadeal, SAUDIA Group’s low-cost carrier (LCC).

Ibrahim Al-Omar, director general of Saudoa, said: “This sale and leaseback agreement with AviLease is an important deal for both companies, and an important step towards the realisation of the Saudi Aviation Strategy. READ MORE.