AviLease, the rapidly expanding global aircraft lessor fully owned by PIF, is pleased to announce the acquisition of a Boeing 787-9 aircraft from BBAM, a prominent global lessor with $18 billion in aviation assets under management.
The transaction marks the first collaboration between AviLease and BBAM and introduces the first Boeing 787-9 on operating lease to AviLease’s expanding fleet. Furthermore, the acquisition brings a new airline customer based in the Americas into AviLease’s portfolio.
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Edward O’Byrne, Chief Executive Officer of AviLease, commented: “We would like to thank our partner BBAM. We view this transaction as the beginning of a strong trading partnership. The Boeing 787-9, as a new technology, is a fuel-efficient aircraft that aligns well with our investment strategy. This acquisition further supports the yield of our portfolio.”
Steve Zissis, CEO & President of BBAM, commented: “We are happy to do our first deal with AviLease and look forward to further collaboration as AviLease becomes a significant lessor to airlines around the world.”
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