[July 15, 2014] |
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SMBC Aviation Capital Orders 115 Airbus Aircraft in $11.8bn Deal
FARNBOROUGH, England --(Business Wire)--
SMBC Aviation Capital, the world's third largest aircraft lessor,
announces that it has placed a firm order with Airbus for 110 A320neo
aircraft and five A320ceo aircraft in a deal worth around $11.8bn at
list prices.
The deal is the largest single-aisle aircraft order ever placed by a
lessor and the largest aircraft order of any kind by a Japanese-owned
lessor. As part of the order, SMBC Aviation Capital has options to
convert the majority of the A320neo aircraft and all of the A320ceo
aircraft into the A321 variants. The company will announce its engines
selection at a later date.
Commenting on the deal, Peter Barrett, CEO of SMBC Aviation Capital,
said: "This is a landmark order for SMBC Aviation Capital and indeed for
the wider aircraft leasing industry, and I am delighted to be continuing
the close and long-standing relationship that our business enjoys with
Airbus. The A320 family has played a crucial role in SMBC Aviation
Capital's success to-date, and this order should be taken as a clear
sign both of our commitment to the new generation of single-aisle
aircraft as well as our ambitious plans to grow our business. The
A320neo programme is progressing well, and we believe that the timing
and structure of the order that we have placed will complementthe
specific needs and requirements of our customer base. This order,
together with the company's global presence, operational expertise,
robust shareholder structure and world-class team, mean that SMBC
Aviation Capital is extremely well placed to continue delivering
sustainable long-term growth."
Shinichi Hayashida, Chairman of SMBC Aviation Capital, said: "When the
SMBC-led consortium acquired this business in 2012 we spoke of our
intention to significantly invest in the platform and its portfolio in
order to cement its position as one of the world's leading aircraft
lessors. Today's announcement is firm proof of that intention and an
important step forward on the path to realising the vision that we have
for SMBC Aviation Capital."
John Leahy, Airbus Chief Operating Officer, Customers, said: "Today's
announcement with SMBC Aviation Capital is another shining example of
the excellent relationships Airbus has and is continuing to develop in
Japan, where our supplier base is continually growing. When a leading
leasing company like SMBC Aviation Capital places a significant order
for more of our market leading A320 Family aircraft, it's clear
confirmation that the A320 Family, including our newest model, the
A320neo, is the best solution for airlines that are looking to grow
their business profitably and offer their customers the industry's best
travel experience on short to medium haul missions."
SMBC Aviation Capital has grown substantially since its launch in 2012,
increasing its workforce around the world from 67 to 113, completing 146
new deals, trading over 50 aircraft, and delivering 73 aircraft. In the
14 years since the platform was established, the business has acquired
over 494 aircraft, 233 of which have been from the Airbus family.
NOTES TO EDITORS:
SMBC Aviation Capital is the world's third largest aircraft lessor, with
a modern fleet of over 350 owned and managed aircraft valued at more
than $10bn. The business's strategy is to own and lease liquid,
investor-friendly aircraft assets with continuous trading through the
industry cycle to maximise profitability and manage risk. The business
has sold more than 230 commercial aircraft valued at over US$7.5bn.
SMBC Aviation Capital has 95 airline customers and over 40 investors in
more than 40 countries around the world. It is headquartered in Dublin
and has offices in, Shanghai, Beijing, Hong Kong, Singapore, Tokyo, New
York, Amsterdam, Toulouse and Seattle.
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