Saudi Arabian aircraft lessor AviLease posted total revenues of $664 million for the year ended Dec. 31, 2025, marking a 19% increase compared with the previous year.
The Riyadh-based company also doubled its pretax earnings to $122 million. It attributed the revenue growth to disciplined portfolio expansion, strong aircraft remarketing activity and sustained global demand for new-technology, fuel-efficient aircraft.
Over the course of the year, AviLease expanded its portfolio to 202 owned-and-managed aircraft leased to more than 50 airline customers across over 30 countries. The fleet now represents a total asset value of $9.3 billion. It also maintained 100% fleet utilization.
To support future growth, the lessor placed aircraft orders with Airbus, including the A320neo family and A350F, as well as Boeing 737-8 aircraft.
During the year, AviLease also strengthened its financial profile, securing investment-grade credit ratings from Moody’s (Baa2) and Fitch (BBB).
The company said the ratings reflect its disciplined financial framework, strong liquidity position and prudent leverage management. In November 2025, AviLease further diversified its funding sources by issuing $850 million in 144A/Reg S senior unsecured notes.
CEO Edward O’Byrne described 2025 as a “defining year” for the company. “We delivered strong financial results, expanded our global footprint and reinforced our position as a disciplined, investment-grade aircraft leasing platform,” he said. “As aviation markets continue to grow, AviLease is well positioned to scale and create long-term value for our shareholders and for the Kingdom.”
Throughout the year, AviLease continued to play a central role in Saudi Arabia’s growing aviation ecosystem. The company supported the launch and scale-up of the country’s new national carrier Riyadh Air last October, through a sale-and-leaseback of a Boeing 787-9, marking the airline’s first aircraft. Riyadh Air CFO Adam Boukadida said at the time the deal was “key” for the airline’s growth.
AviLease also established a strategic partnership with Hassana Investment Co. aimed at broadening access to aviation financing for international and domestic investors. Under the agreement, Hassana will acquire an initial portfolio of 10 new-technology aircraft from AviLease.
Wholly owned by Saudi Arabia’s Public Investment Fund, AviLease has grown its managed fleet to nearly 202 aircraft in just three years of operation as it works toward its goal of becoming a top 10 global aircraft lessor by 2030.
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