AviLease closes $1.5bn revolving credit facility

Global aircraft lessor AviLease, headquartered in Saudi Arabia, has closed an unsecured revolving credit facility (RCF) of $1.5bn.

The conventional, threeyear facility was significantly oversubscribed, attracting commitments from 20 leading banks across the globe, including 8 new banking partners from Europe, Asia and North America.

Edward O'Byrne, CEO of AviLease, said: "We are pleased to close this facility, noting the strong international demand. Together with our existing revolver of $750mn, it brings our immediatelyavailable committed facilities to $2.25 billion, spanning 25 local and global lenders. This enhanced liquidity positions us to continue our expansion, investing in latesttechnology, fuelefficient aircraft while maintaining the conservative financial policy that underpins our strategy.”