Riyadh - Sharikat Mubasher: Avilease, the aircraft lessor owned by the Public Investment Fund (PIF), secured a $700 million unsecured revolving credit facility with four Saudi banks, the company revealed in a statement.

The dual-currency facility, in USD and SAR, was secured with Alrajhi Bank, Banque Saudi Fransi, Riyadh Bank, and Saudi Awwal Bank (SAB).

This facility represents a flexible short-term financing tool to support Avilease’s strategic aircraft acquisition activities and working capital needs.

Avilease is a full-service commercial aircraft lessor that is dedicated to delivering tailored fleet solutions to its airline partners. Its portfolio includes the latest generation and environment-friendly aircraft.