AviLease has delivered three Airbus A320neo aircraft to SDH Wings, enhancing their fleet to twenty-five aircraft. This transaction is part of a broader Memorandum of Understanding to acquire an additional twenty new aircraft, highlighting the strengthening relationship between AviLease and SDH Wings, which is supported by Sichuan Development International Holdings.

AviLease has successfully delivered three Airbus A320neo aircraft to SDH Wings, a joint venture partially funded by a Chinese sovereign fund, where AviLease maintains a 10% stake. These aircraft are on long-term lease to an airline operating in Saudi Arabia.

With this latest addition, SDH Wings’ fleet has expanded to a total of twenty-five aircraft. This event signifies a new phase in the collaboration between AviLease and SDH Wings, forming part of a larger Memorandum of Understanding (MOU) to acquire an additional twenty primarily new-technology aircraft.

The MOU entails AviLease providing support to SDH Wings in its endeavor to enhance its fleet, while also strengthening the partnership with Sichuan Development International Holdings (SDIH), the majority stakeholder in SDH Wings. By utilizing AviLease’s expertise in leasing and financing modern, fuel-efficient aircraft, SDH Wings aims to seize new opportunities in the aviation financing market.

Edward O’Byrne, the CEO of AviLease, expressed that this delivery represents a significant milestone for their relationship with SDH Wings and highlights their commitment to supporting the growth of their fleet and future collaborations.

In conclusion, AviLease’s delivery of three Airbus A320neo aircraft to SDH Wings strengthens their ongoing partnership and marks an important step in their joint initiatives. The shared vision under the MOU to acquire additional modern aircraft positions SDH Wings favorably in the aviation market, further leveraging the expertise of AviLease in enhancing their fleet capabilities.

Original Source: www.aviationbusinessme.com

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