{
  "id": 10491091,
  "title": "Lesha Bank acquires portfolio of 33 Avolon aircraft",
  "url": "https://urgent.news/2026/09/28/lesha-bank-acquires-portfolio-of-33-avolon-aircraft",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-28T16:58:00.000Z",
  "source": {
    "name": "Gulf Times Business",
    "slug": "gulf-times-business",
    "url": "https://www.gulf-times.com/article/734361/business/lesha-bank-acquires-portfolio-of-33-avolon-aircraft"
  },
  "original_language": "en",
  "account": "Avolon and Lesha Bank have reached an agreement to sell and purchase a portfolio of 33 aircraft. The transaction involves a diverse collection of commercial planes leased to 25 airlines worldwide. This marks a significant step in the evolving relationship between the two entities and highlights the influx of institutional capital seeking to invest in leased aircraft and the enduring demand for top-notch aviation assets. Upon completion, the portfolio will be overseen by Lesha Aviation Services, expanding Lesha Bank's total fleet to over 75 aircraft.\n\nAvolon's CEO, Andy Cronin, expressed satisfaction with the partnership, stating that aircraft trading is a key aspect of their strategy. The move allows them to efficiently manage their portfolio, reap value, and cycle capital. The agreement underscores the persistent investor interest in aviation assets and the expansive reach of Avolon's global platform.\n\nMohammed Ismail al-Emadi, Lesha Bank's Group CEO, emphasized the disciplined strategy employed in building scale in aviation leasing. The acquisition of this substantial portfolio, featuring well-established lessees and a robust technological lineup, bolsters the expected resilience and long-term earnings potential of Lesha Bank's Shariah-compliant aviation investments. Managed through Lesha Aviation Services, the bank anticipates the portfolio will yield stable, diversified returns for years to come.\n\nThis acquisition aligns with Lesha Bank's overarching goal of scaling its Shariah-compliant aviation investment platform through a portfolio of diverse, income-generating assets. The bank is continually enhancing the risk-adjusted profile of its aviation holdings while reinforcing its presence in key global markets.",
  "summary": "Lesha Bank and global aviation finance company Avolon announced an agreement for the sale and purchase of a portfolio of 33 aircraft. The transaction comprises a diversified portfolio of commercial ai...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}