Turkish Airlines A320neo fleet is set to grow significantly, thanks to a newly signed strategic agreement with Saudi Arabia-based global aircraft lessor AviLease.
The partnership includes the long-term lease of eight Airbus A320neo aircraft, designed to support the airline’s continued expansion and sustainability goals.
As part of the agreement, two of the aircraft have already been delivered, while the remaining six are scheduled for delivery throughout 2025. The deal strengthens the relationship between AviLease and Turkish Airlines, one of the world’s fastest-growing carriers, as it enhances its narrow-body operations with next-generation, fuel-efficient aircraft.
The Airbus A320neo is known for its reduced fuel consumption and lower emissions, making it a key component in Turkish Airlines’ broader fleet modernization strategy. The airline has made sustainability a core focus of its operations, and adding these aircraft contributes directly to that mission while also boosting its ability to serve short- and medium-haul routes more efficiently.
Edward O’Byrne, Chief Executive Officer of AviLease, stated, “We thank the Turkish Airlines team for their partnership, and we are delighted to further strengthen our relationship. These aircraft will support Turkish Airlines’ growth plans while contributing to their fleet modernisation strategy and sustainability goals.”
AviLease’s Growing Presence in Global Aviation
With this agreement, AviLease continues its rapid ascent as a major player in global aircraft leasing. Backed by the long-term capital of Saudi Arabia’s Public Investment Fund (PIF), AviLease has positioned itself as a strategic asset under the kingdom’s Vision 2030 initiative. The lessor currently owns and manages a portfolio of 200 aircraft—primarily new-technology, fuel-efficient models—leased to 48 airlines around the world.
Founded to align with Saudi Arabia’s National Aviation Strategy, AviLease operates globally with a team of 85 aviation professionals across five offices. Its aim is not only to be a top-10 global aircraft lessor but also to drive innovation and sustainability within the aviation finance sector. The Turkish Airlines partnership demonstrates how AviLease is leveraging its capital and expertise to form long-term relationships with leading global carriers.
The A320neo aircraft included in the agreement are particularly well-suited for Turkish Airlines’ needs. Offering lower operational costs and increased range compared to earlier models, these jets help airlines reduce their environmental footprint while maintaining strong performance on busy regional routes.
This move comes at a time when global airlines are increasingly focused on fleet renewal to meet tightening environmental regulations and rising fuel costs. Turkish Airlines’ decision to lease from AviLease rather than purchase the aircraft outright reflects a broader trend toward financial flexibility and capital efficiency in airline operations.
For AviLease, deals like this one with Turkish Airlines mark important milestones in building a globally diversified client base. The lessor’s expanding portfolio and growing list of partner airlines signal its role as a key enabler of aviation growth, especially for airlines seeking modern fleets to support ambitious expansion strategies.
As both companies continue to pursue growth and innovation, this agreement reflects a shared vision for the future of air travel—one that is sustainable, efficient, and globally connected.
