AviLease, the global aircraft lessor wholly owned by PIF, Saudi Arabia’s sovereign wealth fund, has delivered four Airbus A321neo aircraft on lease to Colorado-based low cost operator Frontier Airlines.

These are the first of six next generation aircraft that will be delivered in 2024.

The Airbus A321neo is one of the most fuel-efficient, sustainable, and technologically advanced narrow-body aircraft on the market.

These deliveries set the tempo for AviLease, which is seeking to build a diverse portfolio of the most advanced, latest-generation narrow- and wide-body aircraft available, and an ever-increasing client portfolio.

Edward O’Byrne, CEO of AviLease, said: “We are thrilled to deliver the first four of six new A321neo aircraft to Frontier Airlines.

“Our partnership with Frontier continues to strengthen and we are proud to support their fleet modernisation with the A321neo, one of the most in-demand aircraft in the world.

“We wish the Frontier team continued success with their commitment to provide affordable and reliable air travel.”

AviLease fulfils PIF’s mandate to unlock the capabilities of priority sectors that can support the diversification of Saudi Arabia’s economy and contribute to non-oil GDP growth.

In addition, the company supports a thriving aviation sector and drives financial sustainability within the aviation ecosystem, in line with Vision 2030.

AviLease will continue to drive local economic opportunities and create direct and indirect jobs for the KSA community in the aviation and financial sectors.

The latest delivery reaffirms the rapid global expansion of AviLease, which has a mandate to supply sustainable, efficient leasing and financing services to airlines across the world and is already playing a major role in the expansion of the Kingdom’s aviation ecosystem.
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