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SMBC Aviation Capital Orders 80 Boeing Aircraft

Published on Nov 10 2014 12:22 PM in General Industry

SMBC Aviation Capital Orders 80 Boeing Aircraft

SMBC Aviation Capital, the Dublin-based aircraft leasing company, has placed an order for 80 Boeing 737 Max 8 aircraft.

The deal is worth around $8.5 billion, around €6.8 billion, at list prices. It is the largest single order of these aricraft by a lessor and the largest Boeing order from a Japanese-owned lessor.

The aircraft will be delivered to SMBC Aviation Capital between 2018 and 2022.

CEO of SMBC Aviation Capital, Peter Barrett, said "following this order and given the clear commitment of our shareholders and the strength of the global aircraft leasing sector, we remain very confident in our ability to continue to deliver long-term growth."

Earlier this year the company placed an order for 115 Airbus aircraft. This was the biggest single-aisle aircraft deal by anyone in the industry.

SMBC Aviation Capital is the third-largest aircraft lessor in the world, with over 370 aircraft valued at over $10.5 billion. It was formed when its parent company, Sumitomo Mitsui Financial Group, acquired Dublin-based RBS Aviation Capital in 2012 and merged it with its leasing companies.

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