Saudi Arabia’s AviLease Buys StanChart’s Aircraft Portfolio

Matthew Fulco August 28, 2023
Vistara A321 delivery
Credit: Airbus
Saudi Arabia’s AviLease said on Aug. 28 that it would buy Standard Chartered’s aircraft leasing business for $3.6 billion in a move that will strengthen Riyadh’s footprint in commercial aviation. Aviation is a pillar of the Vision 2030 initiative that aims to wean the Saudi Arabian economy off its...
Matthew Fulco

Matthew Fulco is Business Editor for Aviation Week, focusing on commercial aerospace and defense.

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