The sources say that the PIF’s Avilease weighs Bond for the first time

Written by Hadil Al Sigi and Federico McCioni

A public investment company worth $ 1 trillion (PIF), a jet rental company supported by the General Investment Fund in the Kingdom of Saudi Arabia (Reuters), is a jet rental company supported by the General Investment Fund with a value of $ 1 trillion (PIF), to prepare the sale of opening bonds, with the knowledge of the Princess plan.

The company discussed the first time provided by the dollar with JPMorgan and Citigroup, that the people who refused to determine its identity because the information is private.

Avilease can raise at least $ 500 million of its first bond, as part of a 2 billion dollar program, according to a sources. The person said that the initial bond can be placed on the market by the end of the year.

Avilease did not respond to multiple requests for comment, while JPMorgan and Citi refused to comment.

Avilease obtained the Moody’s and Fitch investment categories in April, which the Chairman of the Board of Directors, Fahd Al -Alsif, said the company will help TAP Global Capital Markets to put itself at the forefront of aircraft rental in line with the vision of the Kingdom of Saudi Arabia 2030.

The Saudi Arabia plan to expand flying to support tourism and reduce oil dependence and includes the launch of a new airline, RIYADH AIR.

In the first half of 2025, Saudi exporters represented 18.9 % of $ 250 billion of dollar debt in the market, followed by the government, followed by the Association of $ 5.5 billion via Sukuk this month and selling a highly used bonds for $ 2 billion.

Founded in 2022 as part of PIF’s payment to build a giant to rent local airline, Avilease agreed in 2023 to purchase the Standard Charged flying arm for $ 3.6 billion.

In May 2025, Avilease submitted the first direct request from a Boeing plane for a maximum of 20 737-8 with other options, adding to a group of 200 rented aircraft to 48 airlines all over the world as of March.

PIF and other companies related to the country turn into dollar and euro bond markets to fill the financing gaps and maintain huge projects worth billions of dollars in the Kingdom of Saudi Arabia.

(Hadil Al -Sayang A “Felppa Fletch)