Avilease's first order involves 12 Airbus A320neo aircraft for low-cost Saudi carrier Flynas. Photograph: Damir Sagolj/ReutersTwo senior figures in Irish aviation circles, Rob Murphy and Edward O’Byrne, are behind a new entrant into the aircraft leasing sector that is wholly owned by Public Investment Fund , a Saudi-backed investment firm that bought Newcastle United last year.
The company will offer leasing, trading, and asset management services for the latest generation of leading manufacturers’ aircraft. As the company announced its first deal – the purchase of 12 Airbus A320neo jets this year and next and their lease to low-cost Saudi carrier, Flynas – Mr O’Byrne said: “We appreciate the confidence placed in us by the Flynas team and wish them continued success as we start our partnership with them.”
Mr Murphy is listed on his Linkedin page as a “senior adviser” on a part-time basis for the new entrant into the market, but company records show he is also listed as a director. He also acts as an adviser to Air Astana, the national Kazakh airline. PIF purchased Newcastle United last year, which led to accusations the fund was attempting to sportswash Saudi Arabia’s reputation.as a distraction from poor human rights records. The human rights charity pointed to Saudi Arabia’s poor treatment of women, use of the death penalty and anti-LGBT stance as examples of poor human rights.
As revealed by the Irish Independent in June.
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