Saudi’s King Khalid and Madinah airports score high in operational efficiency in March: GACA

King Khalid airport, which has five terminals feeding 58 airlines to make 91,000 flights annually, claimed the top position for highest compliance to operational standards. (Shutterstock)
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Updated 17 April 2022
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Saudi’s King Khalid and Madinah airports score high in operational efficiency in March: GACA

RIYADH: Saudi Arabia’s King Khalid International Airport in Riyadh scored highest with 82 percent compliance to operational standards in March, the latest data from the Saudi General Authority of Civil Aviation showed. 

Divided into three categories, GACA ranks airports based on their compliance to 14 operational criteria, including check-in, security, customs control, the waiting times for passengers, and the time spent in baggage handling, in accordance with international best practices.

King Khalid airport, which has five terminals feeding 58 airlines to make 91,000 flights annually, claimed the top position for highest compliance to operational standards, in the category of international airports having the capacity to handle more than six million passengers annually.   

Saudi’s other airbase, the Prince Mohammad Bin Abdulaziz International Airport, also known as Madinah Airport, has also claimed the highest position with 82 percent compliance to GACA’s set standards in March, under the same category.  

Those were followed by Saudi’s other two airports King Fahd International Airport in Dammam and King Abdulaziz International Airport in Jeddah, with compliance rates of 64 percent and 55 percent, respectively.

Whereas in the second category of international airports that has less than 6 million passengers capacity annually, Prince Sultan Bin Abdulaziz International Airport in Tabuk ranked first with a compliance rate of 100 percent.

For domestic airports which fall under the third category, Turaif Airport scored 100 percent outperforming all other competing airports in total average waiting times for the departing and arriving flights.

The report comes in line with the implementation of the strategic directions aimed at improving services provided to passengers and raising the level of service at the Kingdom’s airports.


PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

Updated 27 February 2026
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PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

RIYADH: Saudi Arabia’s Public Investment Fund-backed AviLease achieved exceptional performance and sustainable business growth during 2025, supported by the strategic expansion of its global platform.

According to its financial results for 2025, AviLease recorded total revenues of $664 million, an annual increase of 19 percent, driven by disciplined growth in its asset portfolio and strong performance in aircraft remarketing amid sustained global demand for modern, fuel-efficient aircraft, the Saudi Press Agency reported.

Profit before tax doubled compared to the previous year, reaching $122 million. The year witnessed an expansion in AviLease’s portfolio, reaching 202 owned and managed aircraft, leased to over 50 airline companies in more than 30 countries. 

The total value of the company’s assets stabilized at $9.3 billion. AviLease maintained a 100 percent fleet utilization rate, reflecting the resilience of its business model, the efficiency of its asset management, and the strength of its strategic relationships with airlines around the world.

AviLease concluded purchase agreements for aircraft from Airbus, including the A320neo family and A350F, and Boeing 737 aircraft, aiming to enhance its future asset portfolio with modern, fuel-efficient aircraft. This step will contribute to supporting future growth and meeting increasing customer demand for the latest aircraft, aligning with the Kingdom’s ambitions to become a leading global aviation hub.

AviLease strengthened its prestigious credit standing by obtaining a strong Baa2 credit ratings from Moody’s and BBB from Fitch, reflecting its financial solidity, managerial discipline, and efficiency in managing leverage. The company also successfully issued senior unsecured bonds worth $850 million last November under Regulation 144A/RegS. This issuance contributed to diversifying its funding sources and enhancing its financial flexibility.

Commenting on the results, AviLease CEO Edward O’Byrne said: “This exceptional performance reflects the quality of the company’s investment portfolio, the strength of its partnerships with airlines, and its strategic focus on responsibly deploying capital into highly sought-after, efficient, modern aircraft assets.”

He added: “As aviation markets continue to grow, AviLease is strategically positioned to continue its expansion plans and deliver sustainable long-term value for shareholders, contributing to the Kingdom’s ambitions.”

Throughout 2025, AviLease continued to play a pivotal role in the Kingdom’s growing aviation sector and contributed directly to the launch and scaling of the new national carrier, Riyadh Air, by completing a sale and leaseback transaction for a Boeing 787-9 aircraft, which thereby became the first aircraft to join the airline’s fleet.

AviLease also established a strategic partnership with Hassana Investment Co. This partnership aims to provide an opportunity for local and international investors to enter the aircraft financing asset class and benefit from AviLease’s technical expertise and operational capabilities to support partnership growth and enhance performance. 

Hassana Investment Co. has agreed to acquire an initial portfolio of 10 modern aircraft from AviLease.