Avolon, a global aviation finance company, and Lesha Bank, agreed to the sale and purchase of a portfolio of 33 aircraft. The transaction comprises a diversified portfolio of commercial aircraft on lease to 25 airlines globally.
The transaction represents a milestone in the development of the relationship between Avolon and Lesha Bank. Following completion, the portfolio will be managed by Lesha Aviation Services, bringing the bank’s total managed fleet to more than 75 aircraft.
“We are pleased to partner with Lesha Bank on this significant transaction,” Andy Cronin, CEO of Avolon, said. “Aircraft trading is a core part of Avolon’s strategy, enabling us to actively manage our portfolio, realize value and recycle capital. This agreement reflects the continued strength of investor demand for aviation assets and the scale and capabilities of Avolon’s global platform.”
Mohammed Ismail Al Emadi, group CEO of Lesha Bank, added, “This acquisition reflects the disciplined approach we have taken to building scale in aviation leasing. Adding a portfolio of this caliber, with established lessees and a strong technology mix, reinforces the resilience and long-term earnings profile we are targeting across our Shari’a-compliant aviation portfolio. Managed through Lesha Aviation Services, we expect this portfolio to deliver stable, diversified returns for years to come.”
