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Riyadh Air Signs Landmark First Lease with AviLease for a Boeing 787-9 Dreamliner

Riyadh Air has announced the signing of their landmark first lease for a Boeing 787-9 Dreamliner with AviLease.  The aircraft is scheduled for delivery in Q4 2025, marking a key milestone as Riyadh Air moves closer to commercial launch.


Riyadh Air Signs Landmark First Lease Agreement with AviLease for a Boeing 787-9 Dreamliner - Courtesy Riyadh Air
Riyadh Air Signs Landmark First Lease Agreement with AviLease for a Boeing 787-9 Dreamliner - Courtesy Riyadh Air

On Monday (October 27, 2025), Riyadh Air announced the signing of their first aircraft lease for a Boeing 787-9 Dreamliner with Saudia Arabia based global aircraft lessor AviLease.  Delivery of the fuel-efficient 787-9 is scheduled during Q4 2025, marking a key milestone as Riyadh Air moves closer to commercial launch.  This lease underscores AviLease’s commitment to expanding their portfolio of latest-generation aircraft, while supporting Riyadh Air’s strategy to introduce a technologically advanced, fuel-efficient fleet that contributes to the Kingdom’s ambition to develop a world-class aviation ecosystem.


In Monday’s announcement, Riyadh Air’s Chief Financial Officer, Adam Boukadida, said,


“We are pleased to complete our first aircraft lease with AviLease as we continue building a young, fuel-efficient fleet ahead of our commercial launch. The Boeing 787 is a highly capable aircraft that will play an important role in delivering a world-class travel experience for our future guests.  This agreement marks an important step in establishing Riyadh Air as a leading global airline.”


Also commenting on the landmark lease agreement, AviLease’s CEO, Edward O’Byrne, said,


“This agreement is an important milestone for AviLease.  We are continuing to build our investment-grade leasing platform to compete at the top of the industry, globally.  Yet, we are also very clear on our role in helping build-up the Saudi aviation ecosystem.  As such, I am really glad that we can witness the launch of such a key new carrier for the Kingdom.  Becoming Riyadh Air’s first leasing partner highlights the trust placed in AviLease and reinforces our position as a strategic enabler of the Kingdom’s aviation ambitions.”


AviLease continues to grow their portfolio by focusing on high-quality, in-demand aircraft such as the Boeing 787 Dreamliner, and by fostering strong partnerships with both local and international carriers.  As at Q3 2025, AviLease’s portfolio included 192 owned and managed aircraft on lease to 48 airlines across 29 countries.


Launched on October 26, 2025, with daily familiarization flights between Riyadh and London, Riyadh Air is the Kingdom of Saudi Arabia’s new world-class national carrier.  The airline plans on eventually operating a fleet of 182 aircraft, including 60 Airbus A321neos, 50 A350-1000s, and 72 Boeing 787-9 Dreamliners, serving over 100 global destinations by 2030.  Created with an authentically native, bold and modern vision with digital innovation at the core, Riyadh Air is ushering in a new era of air travel.  Wholly owned by the Saudi Public Investment Fund (PIF), the airline is aligned with Saudi Vision 2030 in shaping the future of aviation and enhancing connectivity to and from the Kingdom.  Riyadh Air is blending advanced technology with warm Saudi hospitality, with the goal of setting new standards for seamless guest-centric travel.



Source: Riyadh Air

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