History

In little more than two decades a company that began as an aircraft broker has been transformed into one of the world's largest, most vibrant and professional aircraft lessors.

In May, we received an upgrade from Fitch to A- from BBB+ and closed a further $500 million senior unsecured notes offering the following month. We also delivered our first Airbus A350 XWB to Asiana Airlines.

2017

In July, we issued our inaugural unsecured bond, which raised $500 million and illustrates our commitment to diversifying our funding base. The bond was eight times over-subscribed demonstrating the market’s confidence in our growth strategy. Proceeds from the bond will be used to fund the purchase of aircraft and the repayment of existing indebtedness.

2016

Decision to provide a broader, market differentiating product proposition to airline and investor customers, also a major upgrade in IT capability, involving both new hardware and software. Fitch Ratings upgrade from BBB to BBB+, affirming our position as one of the highest rated aircraft lessors in the industry. Creation of a $600 million revolving credit facility.

2015

Substantial orders placed for new aircraft with Airbus and Boeing, representing future commitments of close to $20 billion, comprising 110 A320neo aircraft and five A321ceo aircraft from Airbus, for delivery between 2017 and 2022, and 80 B737 Max 8 aircraft from Boeing, for delivery between 2018 and 2022. Corporate credit ratings of BBB+ from S&P and BBB from Fitch.

2014

Sumitomo Corporation and Sumitomo Mitsui Finance & Leasing aircraft leasing activities merged with SMBC Aviation Capital, creating a platform with increased scale, expertise and product offerings.

2013

$7.3 billion acquisition by two of Japan's biggest companies, Sumitomo Mitsui Financial Group, owner of Sumitomo Mitsui Banking Corporation, and Sumitomo Mitsui Finance & Leasing Co. Ltd and Sumitomo corporation. The largest ever global sale of an aircraft leasing business at that time and the biggest overseas takeover by any Japanese bank in over a decade. We become SMBC Aviation Capital.

2012

RBS Aviation Capital takes delivery of 300th aircraft and places order with Airbus and Boeing for 95 additional aircraft for delivery between 2010 and 2015.

2008

RBS Aviation Capital closes 36 aircraft securitisation, Airspeed. Locates representative in Tokyo.

2007

Entry into the Russian market with our first order from Aeroflot for seven A320 aircraft.

2006

RBS Aviation Capital places direct orders with Boeing and Airbus for 50 aircraft, takes delivery of 200th aircraft. Locates representatives in Toulouse and Seattle. Entry into the Indian market by placing a B737-800 aircraft with Jet Airways.

2005

Lombard Aviation Capital rebrands as RBS Aviation Capital. The company concludes a leasing deal with easyJet for 15 aircraft. Its new investor markets team sells its first aircraft.

2004

Lombard Aviation Capital has approximately 100 aircraft, 30 employees and annual operating income of close to $70 million. The company acquires an additional 19 aircraft from GECAS and completes its first leasing agreement with Ryanair for 10 aircraft.

2003

Lombard Aviation Capital begins acquisition programme to undertake a number of large-scale deals, including the purchase of 25 aircraft from GECAS.

2002

Royal Bank of Scotland acquires International Aviation Management Group, which becomes Lombard Aviation Capital. Lombard Aviation Capital takes responsibility for managing Royal Bank of Scotland's $5 billion aircraft related debt. Begins operating out of New York and Hong Kong. Acquires first 13 aircraft.

2001