AviLease inks deal with Turkish Airlines for 8 Airbus A320neos

Senior officials at the signing of the agreement between AviLease and Turkish Airlines.
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Updated 07 April 2025
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AviLease inks deal with Turkish Airlines for 8 Airbus A320neos

AviLease, the global aircraft lessor headquartered in Saudi Arabia, has signed strategic agreements with Turkish Airlines for long-term leases of eight Airbus A320neo aircraft. Two of the aircraft have already been delivered, with the remaining six scheduled for delivery throughout 2025.

AviLease’s Chief Executive Officer Edward O’Byrne said: “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 modernization strategy and sustainability goals.”

Backed by the long-term capital of its visionary shareholder — the Public Investment Fund — AviLease aims to become a top-10 global player in aircraft leasing. As dynamic capital allocators, the company today owns and manages a portfolio of 200 predominantly new-technology, fuel-efficient aircraft on long-term lease to 48 airline customers.

With a seasoned global team of 85 professionals across five offices, AviLease serves as a national champion in aircraft leasing and plays a pivotal role in Saudi Arabia’s Vision 2030 and National Aviation Strategy.


LuLu expands specialty coffee footprint in KSA with Sulalat

Updated 24 January 2026
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LuLu expands specialty coffee footprint in KSA with Sulalat

LuLu Group has signed a landmark MoU with Sulalat Coffee during the 5th edition of World of Coffee Dubai trade show. This exclusive retail partnership is designed to enhance the specialty coffee offerings across LuLu Hypermarkets in Saudi Arabia, meeting the growing demand for premium coffee experiences within the region.
The agreement was signed by Mohamed Haris, director, Saudi Arabia, LuLu Group, and Abdulelah Al-Murqi, marketing director, Sulalat Coffee. Through this collaboration, LuLu Group will provide a dedicated platform for Sulalat’s specialty-grade beans, which are globally sourced and roasted in Riyadh. This initiative ensures that world-class coffee quality, previously reserved for niche aficionados, is now readily accessible to coffee lovers throughout the Kingdom.
By partnering with Sulalat Coffee, LuLu Group is integrating artisanal expertise with large-scale retail excellence. Sulalat has been a pioneer in the specialty coffee movement in the region, and this partnership allows LuLu to showcase unique varieties and professional-grade roasting. The collaboration reflects a shared vision to celebrate the thriving local coffee culture and deliver an unparalleled selection of premium products to everyday consumers.
In alignment with Saudi Vision 2030, this partnership reinforces LuLu Group’s commitment to empowering homegrown brands and fostering economic diversification within the Kingdom. By providing a global stage for local excellence at events like World of Coffee Dubai, LuLu continues to support the growth of a vibrant private sector and a sustainable retail ecosystem.
As the premier platform for the industry, World of Coffee Dubai 2026 highlights the rapid growth and innovation within the regional coffee scene. With the event attracting more than 17,000 visitors and hundreds of global exhibitors, it provides a vital stage for industry leaders to connect.