00:00OK, let's stay with that aviation thread and shift our attention to Avilease, which is another PIF-owned entity.
00:09It's a leasing company. A bit of an update on their financing. What have you got for us?
00:15So, Tom, just recently, Avilease was given an upgrade by Fitch and Moody's.
00:22They were given investment grade ratings, which has drastically improved their investment proposition.
00:28They've been raising several rounds or securing several revolving facilities with the help of PIF and other financiers.
00:37Avilease has a desire and intention to become one of the top 10 aircraft lessors in the world.
00:45And it's another PIF entity, which, in my opinion, again, is very strategically placed and very intuitively developed.
00:52You know, being at the helm of an aircraft lessor and one of the top 10 aircraft lessors in the world, which I believe they're on track to become.
01:02Now, this gives you a certain negotiating power, certain strategic profile.
01:09It gives you certain flexibility and an approach to be dynamic in the development of our own airlines and industries, such as Saudia, Riyadh, AirFlyness and the likes.
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