News

15/12/2017

SMBC Aviation Capital CEO Peter Barrett speaks with Squawk Box Europe, CNBC International.

SMBC Aviation Capital CEO Peter Barrett spoke to Squawk Box Europe, CNBC International about the importance of aircraft leasing to Ireland and the strength and global nature of our business – 27th November 2017

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07/12/2017

SMBC Aviation Capital concludes three aircraft deal with new customer, Air Astana

-Three A320neo placement from order book-

Almaty December 7th 2017: SMBC Aviation Capital, one of the world’s leading aircraft leasing companies today announced that it has concluded a three A320neo aircraft deal with Air Astana, the national flag carrier of Kazakhstan. This is a new customer for SMBC Aviation Capital and the aircraft will be provided from the company’s order book of 110 A320neo aircraft with Airbus.

The A320neo will be fitted with Pratt and Whitney GTF engines and will have delivery slots in the last quarter of 2019 and the first quarter of 2020.

Air Astana is the first operator of this type of aircraft in the Central Asian region and has plans to grow its neo fleet to 17 aircraft by 2020

Peter Barrett, Chief Executive of SMBC Aviation Capital said "We are very pleased to conclude this transaction with new customer, Air Astana, located in what is an increasingly important region for SMBC Aviation Capital. We look forward to delivering these aircraft from our order book and to the benefits that this new technology aircraft will deliver to our customer.

Peter Foster, President of Air Astana commented “We are pleased to conclude this transaction with SMBC Aviation Capital. Air Astana has plans to grow the fleet to more than 60 aircraft over the next 10 years and we look forward to becoming one of the largest A320neo Family operators in the region.The existing fleet of A320 aircraft have been a success in service over many years and the A320 Family is now destined to go further in both pleasing our discerning passengers and keeping our costs low.”

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07/12/2017

SMBC Aviation Capital announced as the National Gallery of Ireland’s first Corporate Partner

Peter Barrett CEO SMBC Aviation Capital meets with Sean Rainbird, Director of the National Gallery of Ireland in front of Francis Wheatley's "The Dublin Volunteers on College Green, 4th November 1779" in the Grand Gallery of the National Gallery of Ireland


PRESS RELEASE: 27.11.17

press@ngi.ie

Corporate Partnership Programme

SMBC Aviation Capital announced as the Gallery’s first Corporate Partner

Following the recent refurbishment and reopening of the historic wings, the National Gallery of Ireland has re-launched its Corporate Partnership Programme and is delighted to welcome SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, as the first to join since the re-opening.

Commenting on the partnership, Peter Barrett, CEO, SMBC Aviation Capital said:

We are very pleased to announce this partnership with the National Gallery of Ireland, which is recognised as a leading institution of cultural importance, both in Ireland and internationally. The Gallery contributes significantly to our society and we look forward to celebrating this association with our colleagues and customers who visit Ireland from around the globe.”

Speaking today at the National Gallery of Ireland, Director Sean Rainbird said:

We are delighted to welcome SMBC Aviation Capital as our first new corporate partner since the re-opening of the Gallery and look forward to working with them. Our corporate partners are very important to the Gallery and their support allows us to expand our programmes and reach out to a wider audience through our work with the Gallery’s permanent collection and exhibitions programme.”

The Gallery has previously welcomed corporate support of its programmes, ranging from conservation to digitisation to education. They include Corporate Partners such as ESB, who support the Centre for the Study of Irish Art (CSIA), Zurich who supported the highly acclaimed exhibition, ‘Vermeer and the Masters of Genre Painting: Inspiration and Rivalry’, and Focal Media who sponsored a re-fit of the display screens in the Gallery for the re-opening.

For more information about the NGI’s Corporate Partnership Programme, contact Gabrielle Murphy, Development Office, National Gallery of Ireland, Merrion Square, D02 K303.

development@ngi.ie

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06/12/2017

SMBC Aviation Capital concludes eleven aircraft deal with South American airline, Avianca

-Largest transaction in Americas region so far this year-

Colombia, December 6th 2017 – SMBC Aviation Capital and leading South American airline, Aerovias Del Continente Americano S.A (Avianca) have today announced an agreement for the purchase and leaseback of eleven aircraft.This transaction comprises of nine A320 NEO aircraft inclusive of Pre Delivery Payment (“PDP)” facilities provided partly by Sumitomo Mitsui Banking Corporation for these same nine aircraft and two standalone A321 NEO aircraft.

The nine A320 NEO aircraft covered by this transaction are scheduled to deliver in 2018 and 2019 while the two A321 NEO’s have previously delivered in the third and fourth quarter of 2017 and bear manufacturer serial numbers MSN 7770 and MSN 7847, respectively.All eleven aircraft will be equipped with CFM International LEAP-1A engines.

The transaction is the single largest purchase and leaseback transaction for SMBC Aviation Capital this year and supports the company’s continued growth in the Americas region and Latin America in particular. Avianca has been a long term customer of SMBC Aviation Capital dating back to 2003.

Lucia Avila, Corporate Finance Director said, “We are delighted to enhance our fleet with the A320 NEO and A321 NEO aircraft types which will bring operational efficiencies and an upgraded customer experience. Financing these first deliveries in a well-structured way including PDP Financing is of great pride to the airline.”

Mr Peter Barrett, CEO, SMBC Aviation Capital added, “We are very pleased to conclude this transaction of scale with one of our longest standing customers, Avianca, in a region where we are continually growing our presence.

This transaction is a further example of our ability to work hand in hand with other parts of our shareholder group to provide our customers with innovative and comprehensive financing solutions.We look forward to continuing to grow and strengthen our relationship with Avianca and to assist the airline with its future growth plans.”

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05/12/2017

​​Flybondi.com and SMBC Aviation Capital mark delivery of the airline’s first aircraft

Buenos Aires, December 5th 2017:

Flybondi.com, Argentina’s first low cost airline today celebrates the delivery of its first aircraft from SMBC Aviation Capital, a B737-800.The aircraft with Manufacturers Serial number (MSN) 33821 was delivered in an all economy class configuration and is powered by CFM engines.

This is SMBC Aviation Capital’s first aircraft with Flybondi.com and is also SMBC Aviation Capital’s first aircraft to deliver into the Argentinian market.The aircraft recently underwent a modification program in Asia and delivered to Flybondi.com in November.

Flybondi.com, is a start-up, ultra-low cost airline with plans to start commercial operations in early January following the much anticipated deregulation of the Argentinian airline marketplace.This B737 will be employed on Flybondi.com’s first routes from Cordoba and El Palomar, Buenos Aires to Argentina’s main cities.

Commenting on the delivery of the aircraft, Julian Cook, CEO of Flybondi.com said, “We are delighted to welcome this B737-800 as the first aircraft in our fleet and the start of our next phase of launching the airline.This is an exciting time in the development of our airline and we look forward to serving our future customers with this aircraft.We also look forward to working with and growing our relationship with SMBC Aviation Capital into the future.”

Brian Harvey, Chief Marketing Officer of SMBC Aviation Capital added, “We are very pleased to add Flybondi.com as our newest customer and Argentina as a new country to our list of airline partners.This is an exciting time for Flybondi.com as the airline commences operations in Argentina and we at SMBC Aviation Capital are pleased to be able to play a supporting role in the launch of the airline.”

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29/11/2017

SMBC Aviation Capital concludes ten aircraft deal with Aeromexico

- SMBC Aviation Capital’s single largest transaction with Aeromexico -

November 29th 2017SMBC Aviation Capital and Aeromexico have today announced an agreement for the purchase and leaseback of ten (10) Boeing 737 MAX aircraft, which includes a Pre Delivery Payment (“PDP)” facility for all ten aircraft. This transaction represents SMBC Aviation Capital’s largest ever transaction with Aeromexico and will support the airline’s transition into today’s newest generation Boeing narrowbody aircraft.

The aircraft covered by this transaction are scheduled to deliver between 2018 and 2020 and will be made up of eight 737 MAX 8 aircraft and two 737 MAX 9 aircraft and will be equipped with CFM International LEAP-1B engines.

Andrés Conesa, CEO of Aeromexico stated, “We are very pleased to establish this agreement with SMBC Aviation Capital. Our intention is to provide our customers with the latest and newest advancements in passenger comfort. This is further evidence of our commitment to offer a state of the art fleet adding up to 90 Boeing 737 MAX airliners and up to 19 Boeing 787 Dreamliners.”

Mr Peter Barrett, CEO, SMBC Aviation Capital added, “We are very pleased to conclude this transaction with Aeromexico, one of SMBC Aviation Capital’s longest airline customer relationships dating back to 2002. This is our single largest transaction with Aeromexico and is further evidence of our long standing commitment to Aeromexico and to the Mexican aviation market. Further, it demonstrates our unique capabilities to provide our customers with comprehensive financing solutions. We look forward to continuing to support Aeromexico’s fleet renewal plans in the years to come.”


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14/11/2017

SMBC Aviation Capital results for the half year ended 30 September 2017

- Another period of strong profitability, driven by core leasing business –

- Robust demand fuelling aircraft trading activity -

Dublin, 14 November 2017: SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, today announces its results[1] for the half year ended 30 September 2017.

Key Highlights:

  • Profit before tax of $167 million, up 3.1% compared to H1 2016 ($162 million).
  • Revenue and Other Income of $566 million.
  • Aircraft assets[2] of $10.5 billion, comprising 278 owned and 174 managed aircraft.
  • 7 new aircraft deliveries, 6 of which are newest technology A320neo and A350 aircraft.
  • 14% of portfolio now comprised of newest technology A320neo, A350 and B787 aircraft.
  • 13 owned aircraft sold with an average age of 7.5 years
  • Contracted sale agreements / letters of intent signed for the sale of a further 38 aircraft, including a portfolio of 20 aircraft to Aircastle.
  • Raised $500 million in new funding through bond issue in July 2017.
  • Shareholder announcement of up to USD $1 billion capital injection by 31 March 2019.


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07/11/2017

SMBC Aviation Capital hosts annual trade investor seminars in Japan

SMBC Aviation Capital, in conjunction with its shareholders, SMBC and SMFL has hosted its fourth annual trade investor seminars in Japan on the topic of investing in aircraft and tailored financing options including JOL and JOLCO.In total, more than 350 potential investors are expected to attend both events.

A number of workshops also addressed the topics of what investors can expect from their lease servicer, including aircraft remarketing and transitions.Potential investors were also informed about valuing an aircraft from an appraiser panel discussion.

Michael Weiss, Head of Aircraft Trading, SMBC Aviation Capital said “This annual event in collaboration with our shareholders continues to attract much interest.Japan is a key area of focus for us as we see continued demand for investing in aircraft from this strategically important market for the sector.This is an example of how we can work together with our shareholder to leverage mutual synergies, including the development of innovative financing solutions for our customers around the world.”

Aircraft as an asset class continues to grow in popularity for a number of reasons including the predicted growth of air travel, the need for new aircraft to satisfy that demand, and increasing importance of aircraft leasing to the sector over the coming years.In addition, investors are attracted by the risk adjusted returns achieved when investing in this movable asset.

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06/11/2017

SMBC Aviation Capital to receive up to USD $1 billion in capital from its shareholders

-Shareholders to restructure joint leasing partnership in SMBC Aviation Capital-

Tokyo November 6th 2017:SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, has announced that its shareholders, Sumitomo Mitsui Financial Group, Inc. (“SMFG”) and Sumitomo Corporation (“Sumitomo Corp”) have agreed that the company will receive up to USD $1 billion in capital by March 31st 2019.

The equity will support SMBC Aviation Capital’s growth plans including the funding of new aircraft coming on stream from 2019 and will ensure that the company can continue to offer its customers innovative aircraft financing solutions to meet their fleet requirements.

In conjunction with this, the shareholders have also agreed that the primary leasing vehicle between both companies, Sumitomo Mitsui Finance and Leasing Company, Ltd. (“SMFL”), will become a 50:50 joint venture.

The restructuring reaffirms SMFG’s and Sumitomo Corp’s commitment to SMBC Aviation Capital while also enabling both parties to realise a material increase in the competitiveness and growth of their strategic joint operating partnership.

Commenting on the developments, Peter Barrett, CEO, SMBC Aviation Capital said, “This capital is further evidence of the continuing support of our shareholders and of the strategic importance of SMBC Aviation Capital to their growth strategy.

This capital ensures that we are well-positioned to deliver on our own growth plans by enabling us to offer our customers innovative aircraft financing solutions.It also further enhances our integration with our shareholder, a key differentiator for us in this industry.”

Masaki Tachibana, President, SMFL added, “This capital injection demonstrates our confidence in SMBC Aviation Capital’s strategy and will enable the company to strengthen its capital position to deliver on its sustained growth and development objectives.”

The restructuring has been agreed between SMFG and Sumitomo Corp and will be effective by March 31st 2019.It is subject to approval by relevant foreign and Japanese domestic authorities.

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03/10/2017

Aircastle to acquire 20 Narrow-Body Aircraft from SMBC Aviation Capital

Dublin, October 3rd 2017 – SMBC Aviation Capital, the leading aircraft leasing company has today announced that it has reached agreement with Aircastle Limited who will acquire 20 narrow-body aircraft from its portfolio. The aircraft are on lease with thirteen airlines across the globe.

Peter Barrett, CEO, SMBC Aviation Capital commented, “We are very pleased to have reached agreement with Aircastle on this deal which is testament both to the quality of our portfolio and our ability to handle transactions of scale. It is also further evidence that we are delivering on our stated strategy of actively trading and managing our portfolio, enabling us to maintain one of the youngest fleets in the industry.”

Mike Inglese, Aircastle's CEO, added, "We are pleased to have reached an agreement to acquire these high-quality aircraft on lease to a geographically diverse group of airlines, demonstrating our unique ability to find attractive growth opportunities throughout the cycle. We appreciate the opportunity to work with SMBC Aviation Capital to further optimize our fleet mix with the addition of these in-demand, current generation A320s and 737NGs. By continuing to execute our prudent, disciplined investment strategy and maintaining significant financial flexibility, Aircastle is well positioned to achieve steady and profitable growth."

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02/10/2017

Third Airbus A350 XWB for Asiana Airlines

Toulouse, 26th September 2017: SMBC Aviation Capital is pleased to announce that it has delivered its third Airbus A350 XWB (MSN 0144) to Korean airline, Asiana Airlines. This is the third of a six A350 XWB sale and leaseback deal which also includes the financing of Pre-Delivery Payments due to the aircraft manufacturer.

The aircraft is fitted with Rolls Royce Trent XWB-84 engines. SMBC Aviation Capital’s first and second A350 aircraft were delivered to Asiana in April and July 2017, with one more due for delivery in 2017 and two in 2018.

Asiana was one of SMBC Aviation Capital’s first customers in Asia. Both companies have now worked together for over 14 years.

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29/09/2017

SMBC Aviation Capital concludes two aircraft deal with Norwegian Air Shuttle

Dublin September 28th, 2017 – SMBC Aviation Capital, the leading aircraft leasing company has today announced that it has concluded a two Boeing 737-800 aircraft deal with Norwegian Air Shuttle.

The first aircraft (MSN 42090) delivered to Norwegian last week with the second aircraft (MSN 42092) in the deal expected to be delivered in the last quarter of 2017.

Commenting, Brian Harvey, Chief Marketing Officer, SMBC Aviation Capital said, “We are delighted to conclude another transaction with Norwegian. We have a long history of working together and are pleased to support the continuing growth in their business.”

By the end of 2017, SMBC Aviation Capital will have completed a total of 10 sale and leaseback transactions with the airline since 2011, of which six units have been placed in the last 18 months.

SMBC Aviation Capital’s owned, managed and committed portfolio of B737-800 aircraft stands at 196. In addition to its portfolio of B737-800s, SMBC Aviation Capital has an order book of 90 737 MAX 8s, with the first delivery scheduled in 2018.

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28/09/2017

SMBC Aviation Capital partners with IASA

September 28th 2017 - SMBC Aviation Capital, the leading aircraft leasing company, today announced that it is to become a signature sponsor of IASA, the Irish Aviation Student’s Association. IASA is responsible for connecting aviation students from both second and third level who have an interest in working in the aviation industry.

As part of its sponsorship, SMBC Aviation Capital will participate in IASA’s forthcoming symposium on digitisation on October 11th 2017

Commenting, David Swan, COO SMBC Aviation Capital who will also join the IASA Industry Advisory Committee said, “SMBC Aviation Capital is very pleased to be associated with IASA. As we launch our 5th Annual Graduate Programme, we look forward to extending our connections with 2nd and 3rd level students who have a passion for aviation and to providing our knowledge to further increase their understanding of aircraft leasing as a career choice.”

Bridget Corry, Chairperson of IASA added, "Our partnership with SMBC Aviation Capital will allow us to further grow and develop our vision of connecting the aviation industry with students. The graduate and intern opportunities at SMBC Aviation Capital are exactly what we would like to see in a wider number of companies across the industry."

SMBC Aviation Capital recently recruited five new graduates to join its team and launched its 5th Annual Graduate Programme on September 25th 2017.For more information on our Graduate Programme or to attend our forthcoming Open Evening, please visit, www.smbc.aero and follow us on LinkedIn and Twitter.

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25/09/2017

SMBC Aviation Capital launches its fifth annual Graduate Recruitment Campaign

Open evening 17th October

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, has today September 25th 2017 launched its 2018 Graduate Recruitment Programme.Now in its fifth year, the programme is the only one of its type amongst Irish aircraft leasing companies.

SMBC Aviation Capital is seeking to recruit a number of talented graduates to join its programme and develop a career in a rapidly growing industry.As part of its recruitment drive, a graduate open evening will be held in the company’s offices on October 17th 2017 which will give graduates the opportunity to learn more about the industry.

The Graduate Programme runs over a two-year period.During this time, graduates gain experience right across aircraft leasing, including aircraft finance, aircraft management and strategic market analysis.Alongside a competitive remuneration package and benefits, the programme includes the potential for overseas travel and strong support including mentoring and a buddy system.Five new graduates have recently joined the company as part of the 2017 intake with a total of nine graduates participating in the programme across the company.

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20/09/2017

SMBC Aviation Capital partners with the Trinity Centre for People with Intellectual Disabilities

September 20th 2017: SMBC Aviation Capital is pleased to announce a new partnership with the Trinity Centre for People with Intellectual Disabilities (TCPID). SMBC Aviation Capital will be a Business Partner of the centre, working towards the shared goal of ensuring that all graduates have the same access to quality further education and the opportunity to gain knowledge, skills, and confidence to pursue successful careers.

From the end of September, the company will welcome Paula Conradie, a recent graduate of the programme to join the team for a three month placement. The company will also provide financial support to TCPID and its programmes.

Barry Flannery, CFO of SMBC Aviation Capital said, “We are delighted to welcome Paula and to offer her the opportunity to develop her skills and immerse herself in our business. We are privileged to support The Trinity Centre for People with Intellectual Disabilities which provides vital support to ensure that all graduates are afforded the same opportunities.”

Marie Devitt, Pathways Co-Ordinator of the TCPID added, “We are delighted that SMBC Aviation Capital has come on board as a Business Partner. Our goal is to ensure that our graduates have the same opportunities in life as their fellow graduates of Trinity College. Our Business Partners play a central role in helping us to achieve this goal. They offer our students and graduates meaningful work placement opportunities which helps to further develop their skills and greatly supports them in their career paths.”

Through the Business Partners programme, the TCPID can now offer work placements, mentoring, training workshops and graduate contract opportunities. The ultimate goal is to find permanent employment for graduates of the programme and to help to build true inclusion in the workplace and in the community.

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11/09/2017

Five new graduates commence 2017 SMBC Aviation Capital Graduate Programme

Pictured left to right are John Paul Gilroy, a graduate of UCD who will join our Commercial Analysis and Execution team; Iulia Diana Galeriu, from Romania, holds a Masters of Laws and will join our Legal and Compliance team; Mohamed Nabiel, a graduate of Mechanical Engineering will join our Technical Asset Management team; Mengying Liu from China who has just completed our internship programme will now commence our graduate programme and has joined our Business Information team; Benjamin Landes, from France will join our Credit Risk team.

Commenting, Barry Flannery, Chief Financial Officer of SMBC Aviation Capital and sponsor of the Graduate Programme said, “We are delighted to welcome our 2017 Graduate Intake.We recognise the importance of cultivating new talent into the industry and this programme is one of the key ways in which we achieve that objective.This year, we attracted applications from hundreds of graduates across the globe and now we look forward to the fresh perspectives that our new employees can bring to our business.”

The SMBC Aviation Capital 2018 Graduate Programme will be open for applications from September 25th 2017.


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08/09/2017

-Strength through connection-

SMBC Aviation Capital is to sponsor this year’s 45th ANA Open Tournament. This will be the airline’s 45th annual golf tournament and will take place in Sapporo on the island of Hokkaido from September 9th to 17th.

SMBC Aviation Capital has developed a bespoke advertisement, with two Japanese ideograms meaning Strength through Connection to illustrate the company’s 10 year relationship with the airline.This will feature in the official programme for the event.


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27/07/2017

SMBC Aviation Capital delivers fourth Airbus A320neo to Scandinavian Airline, SAS

SMBC Aviation Capital has announced that it has delivered an Airbus A320neo (MSN 7755) to Scandinavian Airline SAS on sale and leaseback.

This is the fourth of a five aircraft deal, originally announced in December 2016. The fifth and final aircraft is scheduled for delivery in February 2018.


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25/07/2017

Second Airbus A350 XWB for Asiana Airlines

25th July 2017:

SMBC Aviation Capital is pleased to announce that it has delivered its second Airbus A350 XWB (MSN 0117) to Korean airline, Asiana Airlines. This is the second of a six A350-900 sale and leaseback deal which also includes the financing of Pre-Delivery Payments due to the aircraft manufacturer.

The aircraft is fitted with Rolls Royce Trent XWB-84 engines. SMBC Aviation Capital’s first A350 was delivered to Asiana in April 2017. Two more A350 XWB aircraft will be delivered in 2017 and two in 2018.

Asiana was one of SMBC Aviation Capital’s first customers in Asia. Both companies have now worked together for over 14 years.


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20/07/2017

SMBC Aviation Capital closes $500 million senior unsecured notes offering

-Second successful capital fundraising demonstrates market confidence in company strategy-

Dublin, July 19, 2017: SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, today announced that its wholly-owned subsidiary, SMBC Aviation Capital Finance DAC, has closed the sale of $500 million principal amount of 3.00%, 5-year senior unsecured notes due July 2022 (the “Notes”).The Notes are fully and unconditionally guaranteed by SMBC Aviation Capital.

This successful bond placement - priced at US Treasuries plus 115 basis points - follows SMBC Aviation Capital’s debut capital markets issuance in July 2016.The proceeds from the offering will be used for general corporate purposes which may include, among other things, the purchase of aircraft and the repayment of existing indebtedness.

Commenting on the issuance, Barry Flannery, Chief Financial Officer of SMBC Aviation Capital, said: “The successful execution of this transaction demonstrates the market’s confidence in our business and our commitment to diversifying our sources of funding.Our bond programme is the foundation of our third-party funding strategy and, together with our ongoing shareholder support, will underpin the delivery of our future growth”.


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05/07/2017

SMBC Aviation Capital concludes four aircraft deal with new customer Lucky Air

July 5th 2017 – SMBC Aviation Capital and Chinese low cost carrier, Lucky Air, today announced that they have entered into an agreement for the placement of four Boeing B737-8 MAX aircraft.This deal represents SMBC Aviation Capital’s first placement of the MAX aircraft from its order book with Boeing and Lucky Air’s first order of a Boeing 737-8 MAX aircraft.

The new aircraft are scheduled to deliver in 2018 and 2019. The 737 MAX aircraft is one of the most technologically advanced in the world and is equipped with CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The aircraft will support Lucky Air’s low-cost strategy within China.


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03/07/2017

SMBC Aviation Capital places new Boeing 737-800 with new customer Solaseed Air


Monday, 3rd July 2017: SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, has today confirmed the placement of a new Boeing 737-800 with Japanese carrier Solaseed Air.

This follows SMBC Aviation Capital’s earlier announcement in April 2017 that it had purchased three Boeing 737-800s. All three aircraft will be powered with CFM engines.


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12/06/2017

SMBC Aviation Capital results for the year ended 31 March 2017

-Another year of strong financial growth

-Driven by robust performance of aircraft trading operations

Dublin, 12 June 2017: SMBC Aviation Capital (or the “Company”), one of the world’s leading aircraft leasing companies, today announces its results

Key Highlights

  • Strong financial performance with continued growth in all key financial measures
  • Revenue and other operating income up 11% to $1,162 million (2016: $1,046 million), driven by investments in young aircraft combined with strong aircraft trading activity
  • Operating profit up 25% to $661 million (2016: $530 million) and Profit before Taxation up 48% to $346 million (2016: $233 million)
  • Aircraft assets increased by 3% to $10.5 billion[2]
  • 670 owned, managed and committed aircraft at year-end
  • 111 transactions completed, including our first deliveries of newer technology AirbusA320neo and Boeing 787 aircraft, with our first A350 delivered since year-end
  • 39 aircraft from our portfolio sold to 24 investors, 20 of which are new customers
  • Continued portfolio enhancement, with weighted average age of fleet now 4.5 years
  • Credit ratings recently upgraded to A- from BBB+ by Fitch Ratings
  • $500m inaugural bond issuance closed in July 2016
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06/06/2017

SMBC Aviation Capital's inaugural issuance of senior unsecured notes wins the Finance Dublin Debt Capital Markets Corporate Bonds Deal of the Year Award

SMBC Aviation Capital's inaugural issuance of senior unsecured notes has won the Finance Dublin Debt Capital Markets Corporate Bonds Deal of the Year Award.

Citing the reasons for the award, Finance Dublin said that the issuance was investment grade rated and marked a significant new funding source for one of Ireland’s major aircraft lessors. The successful issuance underscored the Japanese-owned lessor's commitment to diversifying its sources of funding and clearly demonstrated the market’s confidence in its growth plans. The company's Chief Financial Officer, Barry Flannery, said the issuance was significant from the company's point of view because it achieved further diversification of the company's financial base which makes sense in light of the continued growth of the business and amortisation of existing debt. 'It makes absolute sense for us to access the capital markets and we regard this as the beginning of a series of issuances over time. We will be a repeat issuer from here on,' he said.


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31/05/2017

SMBC Aviation Capital concludes two aircraft deal with new customer Philippine Airlines

-First A350 to be operated by a Philippine based airline-

31st May 2017: Philippine Airlines (PAL) and SMBC Aviation Capital have concluded a transaction for two Airbus A350-900 XWB on sale and leaseback which includes the financing of Pre-Delivery Payments to Airbus. The aircraft, which will be the first of its type to be added to the PAL fleet, are scheduled for delivery in 2018 and will be fitted with Rolls Royce Trent XWB-84 engines.

The addition of the A350 XWB forms part of the airline’s fleet modernization program.

Speaking on conclusion of the transaction, PAL President and Chief Operating Officer Jaime J. Bautista said, “We are very pleased to conclude this transaction with SMBC Aviation Capital which successfully marks the financing of the first two of our A350-900 aircraft due for delivery beginning June 2018. These aircraft will allow PAL to fly non-stop between Manila and New York all year round as well as service the rest of the carrier's long - haul destinations and bring a new level of comfort and service to our passengers.

The transaction also marks the beginning of a new relationship between PAL and SMBC Aviation Capital.

Peter Barrett, CEO of SMBC Aviation Capital, added: “This deal demonstrates our ability to finance large deals of scale with innovative financing solutions for our customers. The strength of our portfolio is further enhanced by the addition of the A350 which is 25% more fuel efficient than its predecessor and will ultimately deliver greater cost savings for the airline. Today also marks the beginning of a new customer relationship with PAL. We are delighted to provide the airline with its first A350 and to further extend our presence across Asia.”

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17/05/2017

SMBC Aviation Capital delivers first of three Boeing B737-800s to Jet Airways in a three aircraft deal

Istanbul: SMBC Aviation Capital announces that it has delivered a Boeing B737-800 aircraft MSN 37743 to Indian airline, Jet Airways.

This delivery forms part of a three aircraft deal with Jet, with the remaining two aircraft (MSN 37745 and MSN 37746) scheduled to deliver at the end of 2017 and beginning of 2018.


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11/05/2017

SMBC Aviation Capital Receives ‘A-’ Rating From Fitch

11 May 2017


SMBC Aviation Capital (“the Company”), one of the world’s leading aircraft leasing
companies, announces that its credit ratings have been upgraded to ‘A-’ from ‘BBB+’ by Fitch
Ratings (“Fitch”).


The upgrade reflects Fitch’s recognition of SMBC Aviation Capital’s proven track record of
profitability and integrated strategy with its majority shareholder Sumitomo Mitsui Financial Group
Inc. (SMFG), in its five years of ownership.



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25/04/2017

SMBC Aviation Capital to purchase three new Boeing 737-800s

25th April 2017

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, has announced that it is to purchase three Boeing 737-800s, bringing its total owned, managed and committed portfolio for B737-800s to 198.

Two of the three new aircraft will be placed on lease with Japanese airline ANA.The remaining aircraft will be placed on lease over the coming weeks. All three aircraft will be powered with CFM engines.

Commenting on the transaction, Peter Barrett, CEO of SMBC Aviation Capital said: “We are very pleased to announce this direct order from Boeing for a further three B737-800s. As the size of our portfolio of B737-800s indicates, it is an aircraft for which we see substantial demand from our customer base and which has been a core part of our offering over many years.

Above all, this transaction has come to fruition because of our strong relationship with ANA and underpins our ability to work closely with our OEM partners to deliver near term opportunities for our airline customers.”

Brad McMullen, Vice President of North America & Leasing Sales, Boeing Commercial Airplanes added “We are pleased to announce this further collaboration with SMBC Aviation Capital which already has a significant order book with us.As always, we look forward to working together to deliver on their customers’ specific fleet requirements.”

In addition to its portfolio of B737s and B787s, SMBC Aviation Capital has an order book of 90 737 MAX 8s, with the first delivery scheduled in 2018.

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24/04/2017

First Airbus A350 XWB for Asiana Airlines

-Six aircraft deal, one of SMBC Aviation Capital’s largest transactions to date-

Toulouse, 24 April 2017: Asiana Airlines, one of Korea’s and Asia’s leading airlines, today added its first Airbus A350 XWB (MSN 0094) to its fleet.The A350-900 was delivered by SMBC Aviation Capital and is the first of a six A350-900 sale and leaseback deal which also includes the financing of Pre-Delivery Payments due to the aircraft manufacturer. The aircraft is also the first A350 XWB to be operated by a Korean airline. SMBC Aviation Capital, together with Airbus and Asiana celebrated receipt of the aircraft at the Airbus facility in Toulouse.

“Today’s delivery begins a new chapter in our history bringing significant enhancements to our fleet. This A350-900 aircraft will provide us with operational advantages across our long-haul network enabling us to expand our global footprint. This is an aircraft that will offer our passengers the latest and newest cabin developments to make their journey an exceptional passenger experience.”

“This milestone transaction cements our long standing relationship with Asiana, one of Asia’s leading airlines, while also expanding our footprint in the Asia Pacific region, one of our largest markets worldwide.We are committed to growing and developing our customer relationships and financing these types of large scale transactions where there is an appetite with our customers.

We look forward to building on this partnership and continuing to work with Asiana and Airbus into the future.”

Fabrice Brégier, CEO of Airbus, said: "We are delighted to deliver the first A350 XWB to Asiana which will provide an unrivalled flying experience across Asiana’s extensive long haul network.”


Asiana was one of SMBC Aviation Capital’s first customers in Asia.Both companies have now worked together for over 14 years.




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21/04/2017

SMBC Aviation Capital concludes four aircraft delivery to Jeju Air

Dublin April 21st 2017: SMBC Aviation Capital today delivered a Boeing B737-800 (MSN 37543) to Jeju Air following a transition and modification programme project managed by the lessor's technical asset management team in conjunction with its MRO partners at Dublin Airport.

This delivery concludes a four aircraft delivery programme with Jeju Air and brings the total number of aircraft on lease to the Korean airline to eleven.



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05/04/2017

SMBC Aviation Capital delivers Airbus A320neo to Scandinavian Airline, SAS



SMBC Aviation Capital has announced that it has delivered an Airbus A320neo (MSN 7499) to Scandinavian Airline SAS on sale and leaseback.

This is the second of a five aircraft deal, originally announced in December 2016.The third aircraft is scheduled for delivery in June 2017.

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27/03/2017

SMBC Aviation Capital and Sky Airline complete three A320neo aircraft deal

March 27 2017 – SMBC Aviation Capital and Sky Airline (Chile) today announced that they have entered into an agreement for the placement of three Airbus A320neo aircraft.This deal represents SMBC Aviation Capital’s first A320neo placement in the Americas from its direct order book.

The new aircraft are scheduled to deliver in the second half of 2018. The A320neo Family incorporates latest technologies including new generation engines and Sharklet wing tip devices, which together deliver more than 15 percent in fuel savings from day one and 20 percent by 2020 with further cabin innovations. The aircraft will support Sky’s low cost carrier service in the Chilean market and nearby markets Argentina, Peru, and Uruguay.

Holger Paulmann, CEO of Sky Airline commented, After conducting extensive product evaluation‎, we determined the A320neo as the best match with which to carry out our low cost carrier strategy. Providing the latest technical innovations and unbeatable economics, the A320neo is an exciting new addition to our fleet and we are happy to develop our low cost model using the most modern, comfortable, and most efficient aircraft as we expand across a number of key countries”.

Peter Barrett, CEO, SMBC Aviation Capital added, “We look forward to building on our existing relationship with Sky Airline with the placement of these three new aircraft.This is the first placement from our order book in the Americas and is evidence of the strong appetite for the newest technologies which can drive long term cost benefits”.

SMBC Aviation Capital first did business with Sky Airline in 2013 with the placement of three Airbus A319s.


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24/03/2017

SMBC Aviation Capital delivers Boeing B737-800 to Jeju following successful modification programme

Dublin March 24th: 2017 SMBC Aviation Capital has delivered a further Boeing B737-800 (MSN 37540) to Jeju Air. This follows a successful modification programme at Dublin airport to transition the aircraft to a new operator, project managed by our technical asset management team in conjunction with Dublin based MRO companies.

This aircraft is the third of a four aircraft deal to deliver to Jeju, with the final delivery scheduled for April, 2017.

Today’s delivery brings the total number of aircraft on lease to Jeju to ten.

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14/03/2017

SMBC Aviation Capital delivers Boeing B787-8 to Avianca

-bringing total number of B787-8 in the SMBC Aviation Capital portfolio to eight-

Everett, Washington USA: SMBC Aviation Capital, announces today that it has added an additional Boeing 787-8 (MSN 39406) to its fleet which has been delivered to Aerovias Del Continente Americano S.A (Avianca) on sale and leaseback.

This is the tenth aircraft from SMBC Aviation Capital on lease to Avianca and the third Boeing B787-8. The transaction was completed at the Boeing facilities in Everett, Washington, USA.

In total, it brings to eight the number of B787-8 aircraft which are currently part of the SMBC Aviation Capital owned fleet.

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08/03/2017

Michael Weiss Elected to the Board of ISTAT

San Diego, March 8, 2017: Michael Weiss, Head of Aircraft Trading at SMBC Aviation Capital has been elected to the Board of ISTAT.

ISTAT is the International Society of Transport Aircraft Trading which promotes interest and educational opportunities in commercial aviation.

Michael will join the Board as an independent director for a four year term effective from today, following a successful election campaign. The Board members are elected by the members of ISTAT, which number 4,000 from around the world.

David Swan, Chief Operating Officer of SMBC Aviation Capital is stepping down following a six year term and has been elected to the Board of the ISTAT Foundation.

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03/02/2017

SMBC Aviation Capital delivers Boeing 737-800 to Jeju Air

Dublin, 3rd February 2017: SMBC Aviation Capital, one of the world’s leading aircraft leasing companies has delivered a Boeing 737-800 (MSN 37541) to Jeju Air while the aircraft was located at Dublin Airport following a significant modification programme.

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17/01/2017

SMBC Aviation Capital Awarded European Deal of the Year

Dublin January 17th 2017:

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies has been awarded the European Deal of the Year Award in the Aviation 100 Awards for its $500m Senior Unsecured Notes Issuance.

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13/01/2017

​SMBC Aviation Capital Concludes First Aircraft Delivery of 2017

Dublin January 13th 2017:

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies has delivered one Boeing 737-800 aircraft (MSN 35017) to Ukraine International Airlines (UIA).

This is SMBC Aviation Capital’s fourth aircraft delivery to UIA and the company’s first delivery of 2017.

The aircraft underwent a modification programme at Dublin airport and is the final delivery of a four aircraft deal.

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11/01/2017

​SMBC Aviation Capital completes transaction with Royal Aero GmbH

Dublin 11th January 2017:

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies has announced that Royal Aero GmbH, Germany, has acquired an Airbus A319-100 (MSN 1541) from its portfolio.

This aircraft is Royal Aero’s first A319 acquisition and will remain on lease with Bhutan Airlines.

SMBC Aviation Capital has over 65 investor partners world-wide with whom it trades aircraft.


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22/12/2016

SMBC Aviation Capital delivers Airbus A330 aircraft to Vim Airlines

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies has delivered an Airbus A330-200 aircraft (MSN 535) to Russian carrier, Vim Airlines. The delivery concluded at Dublin airport.

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22/12/2016

SMBC Aviation Capital delivers Airbus A320 aircraft to Avianca

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies has delivered an Airbus A320-214 aircraft (MSN 7437) to Avianca. The delivery concluded at the Airbus facility in Toulouse. Avianca is one of Latin America’s leading airlines

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21/12/2016

SMBC Aviation Capital enhances its Airline Marketing team

21st December 2016: SMBC Aviation Capital, one of the world’s leading aircraft leasing companies has announced four senior appointments to its Airline Marketing team bringing the total number of team members to 16.

Michael Sheldon, has joined the team from Delta Airlines as SVP Airline Marketing based in the United States while Samuel Ng, has joined the team from China Aircraft Leasing Company as VP Airline Marketing based in Hong Kong. Both bring significant industry experience to their roles.

Jamie Cahillane and Cora McCormack have each been appointed SVP Airline Marketing from within SMBC Aviation Capital. Based in Dublin, both will be responsible for managing and developing airline relationships throughout EMEA.

Commenting on the announcement, Brian Harvey, Chief Marketing Officer, SMBC Aviation Capital said, “We are delighted to enhance the depth of our marketing team which reflects our expanding business across the world. These individuals bring a wealth of skills from across the aircraft leasing industry. The fact that two of these appointees are also from within the company is testament to our keen emphasis on people development. We have a strong focus on placing our customers at the heart of our business and we hope that these new appointments will enhance that objective.”

The Airline Marketing team is responsible for managing SMBC Aviation Capital’s relationships with the global airline industry and the main aircraft and engine OEMs.


-ends-

For more information on our Airline Marketing team, team biographies and photographs, please visit our website at www.smbc.aero/team

or please contact:

Orla Benson, SMBC Aviation Capital: +353 86 047 4343

Rob Greening/Jack Hickey, Powerscourt: +44 207 250 1446/+353 83 448 8339

About SMBC Aviation Capital

SMBC Aviation Capital has 150 airline and investor customers in 50 countries. The company owns, manages and is committed to over 660 aircraft. Established in 2001, the company was acquired in 2012 by a consortium comprising two of Japan’s biggest companies SMFG and Sumitomo Corporation. SMBC Aviation Capital launched its debut bond with the sale of $500 million unsecured notes. For more information please visit www.smbc.aero

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19/12/2016

​ ​​SMBC Aviation Capital delivers another Boeing B787-8 aircraft to Air Europa.

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has delivered its fifth Boeing B787-8 aircraft to Air Europa.

This delivery completes a series of five new Boeing 787-8 delivered on sale and lease back to Air Europa Lineas Aereas, S.A.U. (“Air Europa”).

This aircraft is part of the SMBC Aviation Capital Owned portfolio.



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15/12/2016

SMBC Aviation Capital delivers seventh of seven aircraft deal with Volaris

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies has delivered an Airbus A320-200 aircraft MSN 7457 to Volaris. The delivery concluded at the Airbus facility in Hamburg. Volaris is one of Mexico’s leading airlines.

This delivery was part of a larger Sale & Leaseback transaction with Volaris for a total of seven Airbus A320-200 aircraft, six of which delivered between November 2014 and February 2016. This aircraft was the seventh and final aircraft delivery within this deal.

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14/12/2016

SMBC Aviation Capital delivers Airbus A320neo to Scandinavian Airline, SAS

SMBC Aviation Capital one of the world’s leading aircraft leasing companies has today delivered an Airbus A320neo (MSN 7352) to Scandinavian Airline, SAS . This follows on from the announcement on December 12th that SMBC Aviation Capital has concluded a deal with the airline for five Airbus A320neo aircraft on Sale and Leaseback.


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13/12/2016

​​SMBC Aviation Capital delivers another Boeing B787-8 aircraft to Air Europa.

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has delivered its fourth Boeing B787-8 aircraft to Air Europa.

This aircraft is part of the SMBC Aviation Capital Owned portfolio.



Read more
12/12/2016

SMBC Aviation Capital signs five Airbus A320neo aircraft deal with SAS

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies has today (December 12th 2016) announced that it has concluded a deal with Scandinavian Airline, SAS, for five Airbus A320neo aircraft on Sale and Leaseback.

This is the most significant deal that SMBC Aviation Capital has completed with the airline and is the company’s first Airbus A320neo to be placed in Europe.

The first aircraft (MSN 7352) will deliver on December 14th 2016 with the additional four aircraft expected to deliver between 2017 and 2018.

Commenting on the deal, Brian Harvey, Chief Marketing Officer, SMBC Aviation Capital said, “We are very pleased to conclude a deal of scale with SAS, our first deal in Europe for the placement of an Airbus A320neo. This is a new partnership with SAS and we look forward to working with the airline in delivering on its future fleet requirements.”

Niklas Hårdänge, Vice President Fleet Management, SAS added, “We are very pleased to add these new technologically enhanced aircraft from SMBC Aviation Capital to our fleet in line with our growth objectives.

The agreement means that SAS, at the time of delivery of the aircraft will sell the aircraft to SMBC Aviation Capital and then lease them back for a long term lease period.

In total, SMBC Aviation Capital has leased 15 Airbus A320neo aircraft with airline customers across the world in 2016.


-ends-


For more information, please contact:

Orla Benson, SMBC Aviation Capital: +353 86 047 4343

Rob Greening/Jack Hickey, Powerscourt: +44 207 250 1446/+353 83 448 8339

About SAS

SAS is Scandinavia’s largest airline, flying customers to 1300 destinations worldwide and is part of the Star Alliance.

About SMBC Aviation Capital

SMBC Aviation Capital has 150 airline and investor customers in 50 countries. The company owns, manages and is committed to over 660 aircraft. Established in 2001, the company was acquired in 2012 by a consortium comprising two of Japan’s biggest companies SMFG and Sumitomo Corporation. SMBC Aviation Capital launched its debut bond with the sale of $500 million unsecured notes. For more information

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12/12/2016

SMBC Aviation Capital delivers B737-800 to Jeju Air

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies announces that it has delivered a Boeing 737-800 (MSN 35018) to Jeju Air on the 9th December 2016 while the aircraft was located at Dublin Airport.

This aircraft is the first of a four aircraft deal to deliver to Jeju Air, with the next delivery scheduled for January 2017. Today’s delivery brings the total number of aircraft on lease to Jeju Air to eight.

This aircraft is also part of a large scale 14 aircraft transition programme, project managed by SMBC Aviation Capital, with all of the modification work undertaken at Dublin Airport.

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23/11/2016

SMBC Aviation Capital announces its results for the half year ended 30 September 2016

-Another period of strong profitable growth-

Dublin, 23 November 2016: SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, today announces its results for the half year ended 30 September 2016.


Key Highlights:

  • Revenue of $502.8 million, up 19.2% compared to H1 2015 ($421.8 million)
  • Profit before tax of $142.9 million, up 29.6% compared to H1 2015 ($110.2 million)
  • Aircraft assets in excess of $9.6 billion, comprising 273 owned and 180 managed aircraft
  • Closed 48 transactions during the period
  • 14 new aircraft deliveries, including our first A320 NEO and three B787s
  • Extended 10 leases with existing customers, and transitioned 13 aircraft to new lessees
  • 11 owned aircraft sold with an average age of 8.3 years, and contracted sale agreements / letters of intent signed for the sale of a further 16 aircraft with an average age of 10.3 years
  • 99.97% aircraft utilisation in owned fleet, reflecting high quality asset base
  • Broader shareholder product base used to enter into eight new Japanese Operating Lease with a Call Option (“JOLCO”) transactions for our customer base
  • $500 million inaugural bond issuance closed on 19 July 2016


“We are pleased to have delivered another six months of profitable growth. The strong fundamentals of the global aircraft leasing industry, together with our disciplined approach to asset selection and risk and portfolio management, as well as our focus on providing our customers with the most technologically advanced aircraft, have continued to yield strong results.

In July, we closed a $500 million senior unsecured notes offering. This was an important step forward for the company as we continue to diversify our sources of funding, and we have been encouraged by the market’s reaction to our investment case.

The company has continued to trade well since the period end, and we remain confident in the future prospects for SMBC Aviation Capital.”



-ends-

For media enquiries, please contact:

Rob Greening / Ben Griffiths, Powerscourt (UK): +44 207 250 1446

Jack Hickey, Powerscourt (Ireland): +353 83 448 8339

Note to Editors

About SMBC Aviation Capital

SMBC Aviation Capital is one of the world’s top 5 largest aircraft lessors, with over 100 airline customers in 44 countries. As of 30 September 2016, the company owns, manages and is committed to purchase 669 aircraft. Established in 2001, the company rebranded to SMBC Aviation Capital in 2012 following its acquisition by a consortium comprising two of Japan’s biggest companies SMFG and Sumitomo Corporation.

Read more
21/11/2016

SMBC Aviation Capital delivers another Boeing B737-800 to Ukraine International Airlines.

SMBC Aviation Capital, one of the world's largest aircraft leasing companies today delivered a Boeing B737-800 on lease to Ukraine International Airlines.

This is the third aircraft of a three aircraft transaction.

Read more
17/11/2016

SMBC Aviation Capital to announce half year results

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, will announce its first half financial results for the period ending September 30, 2016 on November 23, 2016.

Detailed financials will be posted on our password protected company data site and a conference call will be scheduled for 11.00 Eastern Standard Time on November 23, 2016 to discuss these results. Dial-in details for the call will also be posted to our data site.For qualified parties wishing to register to gain access to our financial information, please register your interest at https://www.smbc.aero/investors

A press release with details will be posted on the news section of our company website www.smbc.aero

Read more
17/11/2016

SMBC Aviation Capital delivers Airbus A321-200 to Volaris

SMBC Aviation Capital is pleased to announce that it has delivered an Airbus A321-200 aircraft bearing manufacturer’s serial number 7416 to Volaris. This is SMBC Aviation Capital’s 13th aircraft on lease to the airline and this specific aircraft is the 2nd aircraft of a two (2) aircraft deal.

The transaction was completed at the Airbus facility in Hamburg on 18th November 2016.

Volaris, based in Mexico is an ultra-low-cost carrier with point-to-point operations, serving Mexico, the United States and Central America.


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15/11/2016

SMBC Aviation Capital signs four aircraft deal with Jeju Air

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies has today (November 15th 2016) announced that it has concluded a deal with Jeju Air for four Boeing 737-800 aircraft.This is the third portfolio deal that SMBC Aviation Capital has completed with Jeju Air over the past year and brings to eleven, the number of aircraft on lease to the airline.

Jeju Air is the largest low cost carrier based in Seoul, Korea.The aircraft will predominantly be used on international expansion out of both Seoul and Busan.

The first aircraft (MSN 35018) will deliver at the beginning of December with the additional three aircraft (MSN 37541, MSN 37540 and MSN 37543) expected to deliver before the end of March 2017.

Commenting on the conclusion of the deal, Peter Barrett CEO, SMBC Aviation Capital said, “We are very pleased to conclude our third portfolio deal with Jeju Air. Jeju Air is a valued customer and we look forward to building our relationship with the airline.This deal also increases our footprint in Asia, which is one of our key objectives.”

Ken Choi, CEO of Jeju Air added, We are delighted to add these aircraft from SMBC Aviation Capital to our fleet as we expand our networks in line with our growth objectives. The B737-800 has proven to be a success in service with Jeju Air and we are pleased to have SMBC Aviation Capital’s experienced team working with us to achieve our fleet growth.”

The four aircraft will be delivered in Dublin, Ireland following transition.

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08/11/2016

SMBC Aviation Capital delivers Airbus A321-200 to Volaris

SMBC Aviation Capital is pleased to announce that it has delivered an Airbus A321-200 aircraft bearing manufacturer’s serial number 7368 to Volaris. This is SMBC Aviation Capital’s 12th aircraft on lease to the airline and this specific aircraft is the 1st aircraft of a two (2) aircraft deal.

The transaction was completed at the Airbus facility in Hamburg on 31st October 2016.

Volaris, based in Mexico is an ultra-low-cost carrier with point-to-point operations, serving Mexico, the United States and Central America.



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07/11/2016

SMBC Aviation Capital to host trade investor seminars in Japan

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies is to host two trade investor seminars in Japan on the topic of investing and purchasing aircraft.The first will take place on November 8th 2016 in Tokyo with the second scheduled for Osaka on November 10th 2016.Amongst topics to be discussed include why aircraft is an attractive asset, key decisions that should be considered when investing in aircraft and the types of aircraft most popular with investors.

Michael Weiss, Head of Aircraft Trading, SMBC Aviation Capital said, “We are very pleased to host these seminars in Japan for those interested in investing in aircraft.As global interest in this area continues to evolve and develop, we are experiencing strong growth in this part of our business which is an important element of our strategy.”

Aircraft as an asset continues to grow in popularity for a number of reasons including the predicted growth of air travel and aircraft leasing over the coming years and in addition that aircraft are a movable asset.

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03/11/2016

New lease signed with Ural Airlines

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, is today (November 3rd 2016) pleased to announce that it has signed a lease with Ural Airlines for an Airbus A320-200 aircraft with Manufacturer’s Serial Number 2947.

The aircraft will be delivered to Ural Airlines at the end of this month and will bring the number of aircraft placed on-lease by SMBC Aviation Capital with Ural to seven.

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20/10/2016

SMBC Aviation Capital delivers another Boeing B787-8 aircraft to Air Europa.

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has delivered its third Boeing B787-8 aircraft to Air Europa.

This aircraft is part of the SMBC Aviation Capital Owned portfolio



Read more
22/09/2016

SMBC Aviation Capital delivers Boeing 787-8 Dreamliner to Avianca

  • Bringing the company’s owned portfolio to 300 aircraft –

Charleston, USA, September 22 SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, today delivered a Boeing 787-8 Dreamliner (MSN 37510) to Aerovias Del Continente Americano S.A (Avianca). This is the eighth aircraft SMBC Aviation Capital has on lease to Avianca and the fifth aircraft delivered to the airline this year. This delivery brings SMBC Aviation Capital’s owned portfolio of aircraft to 300 for the first time.
Commenting on the significance of the deal, Brian Harvey, Chief Marketing Officer of SMBC Aviation Capital said, “From mandate to closure, this has been one of the quickest deliveries of an aircraft that we have ever achieved, completing the entire process within 16 business days. It also brings our owned portfolio to 300 for the first time.
This is testament to the efficiency of our platform, the strong relationship we have with Avianca and also our excellent relations with Boeing and Rolls Royce to meet a customer’s requirements in such a short amount of time.”

Hernán Rincón, President and CEO of Avianca expressed: “We are very proud to have SMBC Aviation Capital as a partner, for more than 10 years they have been financing various types of aircraft, that now include Avianca’s ninth Boeing 787-8 Dreamliner; we look forward to continue working alongside SMBC Aviation Capital as Avianca continues executing its fleet program.”

"SMBC Aviation Capital is a valued partner and we’re proud that their milestone airplane is built by Boeing,” said Brad McMullen, vice president of North America Sales and Leasing, Boeing Commercial Airplanes. “SMBC Aviation Capital understands the market and what is important to airlines around the world, and we will be there for them as they grow their fleet in years to come.”

The Boeing 787-8 Dreamliner follows on from the delivery of an additional 787 to Avianca in August, which was the first new technology widebody to be leased into the Americas by SMBC Aviation Capital.

In total, SMBC Aviation Capital has 300 aircraft in its owned portfolio, 150 in its managed portfolio and an order book of 204 aircraft.


Read more
13/09/2016

SMBC Aviation Capital delivers Airbus A320-214 to IndiGo

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce (September 13th 2016) that it has completed the delivery of an Airbus A320-214 aircraft (MSN 3750) to IndiGo (Interglobe Aviation Limited). The delivery was completed in Porto Alegre, Brazil.

The delivery of this aircraft is the second A320-200s currently on lease to IndiGo.

IndiGo is one of the largest airlines in India and Asia’s second largest low-cost carrier.

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02/09/2016

SMBC Aviation Capital completes A321 delivery to Beijing Capital Airlines

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies has completed the delivery of an Airbus A321-231 (MSN number 7288) to Beijing Capital Airlines. The delivery took place at the Airbus facility in Hamburg, Germany on August 31st 2016.

This is the third of a three aircraft deal to deliver to Beijing Capital this year.

The first and second aircraft (MSN 7191, MSN 7220) delivered in June and July 2016.

Read more
11/08/2016

SMBC Aviation Capital delivers Boeing 787-8 to Avianca

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has delivered a Boeing B787-8 aircraft to Aerovias Del Continente Americano S.A (Avianca).

This is the fourth aircraft of a four aircraft sale and leaseback transaction.

Read more
25/07/2016

SMBC Aviation Capital delivers another Boeing B737-800 to Ukraine International Airlines.

SMBC Aviation Capital, one of the world's largest aircraft leasing companies today delivered a Boeing B737-800 on lease to Ukraine International Airlines.

This is the second aircraft of a three aircraft transaction.

Read more
20/07/2016

SMBC Aviation Capital closes $500 million senior unsecured notes offering and announces financial results for the fiscal year ended 31 March 2016.

-Debut bond provides even greater diversity of funding sources-

-Revenue surpasses $1bn for the first time-

Dublin, July 20, 2016: SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, today announced that its wholly-owned subsidiary, SMBC Aviation Capital Finance DAC, has closed the sale of $500 million of its 2.65% senior unsecured notes due 2021 (the “Notes”).The Notes are fully and unconditionally guaranteed by SMBC Aviation Capital.Proceeds from the offering will be used for general corporate purposes, which may include, among other things, the purchase of aircraft and the repayment of existing indebtedness.

SMBC Aviation Capital also today announced its financial results for the fiscal year ended 31 March 2016, with revenue surpassing $1billion

Revenue of $1,046 billion (2015: $ 906 million), an increase of 15%

  • Operating profit of $530 million (2015: $ 433 million), an increase of 22%
  • Aircraft assets in excess of $10.2 billion, comprising 297 owned and 145 managed aircraft
  • Fitch Ratings and Standard & Poor’s affirmed the company’s long-term issuer default rating at BBB+, meaning it is one of the highest rated aircraft lessors in the industry
  • $600m Revolving Credit Facility entered into with a consortium of five major banks during the year
  • Order placed for 10 Boeing 737 MAX 8s, bringing order book to 205 aircraft, comprising 110 A320neo, 90 B737 MAX 8 and 5 A321ceo aircraft
  • Completed 57 aircraft deliveries, including SMBC Aviation Capital’s first B787-8 Dreamliner
  • Concluded 45 new lease agreements, sold 27 owned and managed aircraft and added 12 new customers

Today’s announcement illustrates our commitment to diversifying our sources of funding, and clearly demonstrates the market’s confidence in our growth plans.

I am also pleased to report a strong financial performance for the year, with revenue surpassing the $1 billion mark for the first time in our history. We have continued to expand our business across the world, particularly in Asia, which is a testament to both the strength of our strategy as well as our position as a global leader in this sector.

We are optimistic about our growth prospects over the longer term.The continuing support of our shareholders, combined with our focus on our customers and providing them with the most technologically advanced aircraft, mean that we are well positioned to drive future growth.”


Read more
19/07/2016

SMBC Aviation Capital delivers another Airbus A321 aircraft to Beijing Capital Airlines

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has delivered another Airbus A321-200 aircraft on lease to Beijing Capital Airlines.

This is the second A321 delivered by SMBC Aviation Capital to Beijing Capital Airlines and is the second of three aircraft contracted to deliver to Beijing Capital Airlines from the company's order book with Airbus.


Read more
08/07/2016

SMBC Aviation Capital delivers a Boeing B737 aircraft to T'way Air

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, is pleased to announce that it has delivered a B737-800 aircraft to T'way Air.

The aircraft is part of the SMBC Aviation Capital Owned Portfolio.

This is the third aircraft that T'way Air have on lease from SMBC Aviation Capital.



Read more
04/07/2016

SMBC Aviation Capital delivers another B737 aircraft to Jeju Air Co. Ltd

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, is pleased to announce that it has delivered a B737-800 aircraft to Jeju Air Co. Ltd.

The aircraft is part of the SMBC Aviation Capital Owned Portfolio.

This is the seventh aircraft that Jeju Air have on lease from SMBC Aviation Capital.

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29/06/2016

SMBC Aviation Capital delivers an Airbus A321 aircraft to Beijing Capital Airlines

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has delivered an Airbus A321-200 aircraft on lease to a new customer, Beijing Capital Airlines.

This is the first A321 delivered by SMBC Aviation Capital to Beijing Capital Airlines and is one of three aircraft contracted to deliver to Beijing Capital Airlines from the company's order book with Airbus.

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27/06/2016

SMBC Aviation Capital delivers another A320neo aircraft to GoAir

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has delivered a second Airbus A320neo aircraft to GoAir.

This aircraft is part of the SMBC Aviation Capital Owned Portfolio and brings the number of aircraft leased by SMBC Aviation Capital to GoAir to five.

Read more
17/06/2016

SMBC Aviation Capital delivers Airbus A320-200 to Thai Air Asia

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has delivered an Airbus A320-200 aircraft to Thai Air Asia.

This aircraft is part of the SMBC Aviation Capital Owned Portfolio.

Read more
16/06/2016

SMBC Aviation Capital delivers Boeing B787-8 aircraft to Air Europa.

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has delivered its second Boeing B787-8 aircraft to Air Europa.

This aircraft is part of the SMBC Aviation Capital Owned portfolio.

Read more
13/06/2016

SMBC Aviation Capital delivers a Boeing B737-800 (MSN 35005) to a new customer, Ukraine International Airlines.

Dublin, 9th June 2016: SMBC Aviation Capital, one of the world's largest aircraft leasing companies today delivered a Boeing B737-800 (MSN 35005) on lease to a new customer, Ukraine International Airlines.

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02/06/2016

SMBC Aviation Capital delivers an Airbus A319 to new customer, Nesma Airlines


SMBC Aviation Capital, one of the world's largest aircraft leasing companies today delivered an Airbus A319 (MSN 1952) on lease to a new customer, Nesma Airlines, an Egyptian airline based in Cairo.

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02/06/2016

SMBC Aviation Capital delivers its first Airbus A320neo aircraft

SMBC Aviation Capital, one of the world’s largest aircraft leasing companies has taken delivery of its first Airbus A320neo aircraft at the Airbus facility in Toulouse. The aircraft is being leased to GoAir and is the Indian airline’s first Neo with a second A320neo due on sale and leaseback in June.

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24/05/2016

SMBC Aviation Capital delivers Airbus A320-200 to Asia Aviation Capital Leasing

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has delivered an Airbus A320-200 aircraft to Asia Aviation Capital Leasing.

This aircraft is part of the SMBC Aviation Capital Owned Portfolio.

Read more
24/05/2016

SMBC Aviation Capital delivers Airbus A320-200 to Avianca


SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has delivered an Airbus A320-200 aircraft to Aerovias Del Continente Americano S.A. (Avianca)

This is the third aircraft of a four aircraft sale and leaseback transaction.

Read more
21/05/2016

SMBC Aviation Capital delivers A321 aircraft to JSC Ural Airlines

SMBC Aviation Capital, one of the world's leading aircraft leasing companies is pleased to announce that it has delivered an Airbus A321 aircraft to JSC Ural Airlines.

This aircraft is part of the SMBC Aviation Capital Owned Portfolio.

This is the sixth aircraft that JSC Ural Airlines have on lease from SMBC Aviation Capital.

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19/05/2016

SMBC Aviation Capital Orders Additional CFM LEAP-1A engines

Order Valued at $140 million

See press release for further details

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14/05/2016

SMBC Aviation Capital sells Boeing B737-800 aircraft

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has sold a Boeing B737-800 aircraft to an investor based in Japan.

SMBC Aviation Capital will continue provide management services to the purchaser following the sale.

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12/05/2016

SMBC Aviation Capital delivers Airbus A320-200 to Siberia Airlines (S7)

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has delivered an Airbus A320-200 aircraft to Siberia Airlines (S7)

This is the second aircraft of a two aircraft sale and leaseback transaction.

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11/05/2016

SMBC Aviation Capital sells Embraer ERJ-170LR Aircraft

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has sold an Embraer ERJ-170LR aircraft to a company based in Europe.

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05/05/2016

SMBC Aviation Capital delivers Airbus A320-200 to Siberia Airlines (S7)

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has delivered an Airbus A320-200 aircraft to Siberia Airlines (S7)

This is the first aircraft of a two aircraft sale and leaseback transaction.

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03/05/2016

SMBC Aviation Capital sells Embraer ETJ-170LR Aircraft

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has sold an Embraer ERJ-170LR aircraft to a company based in Europe

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03/05/2016

SMBC Aviation Capital sells Embraer ERJ-170LR Aircraft

SMBC Aviation Capital, one of the world's leading aircraft leasing companies, is pleased to announce that it has sold an Embraer ERJ-170LR aircraft to a company based in the United Kingdom.

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18/04/2016

SMBC Aviation Capital delivers B737 aircraft to Jeju Air Co. Ltd.

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, is pleased to announce that it has delivered a B737-800 aircraft to Jeju Air Co. Ltd.

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12/04/2016

SMBC Aviation Capital to sponsor Masters in Aviation Finance in UCD

  • First MSc Aviation Finance Degree in Europe -

SMBC Aviation Capital, the world’s third largest aircraft leasing company is pleased (April 12th 2016) to announce our sponsorship of a new MSc in Aviation Finance Degree which will commence in the UCD Michael Smurfit Graduate Business School in Dublin from September 2016.This will be the only degree of its type in Europe and will provide graduates with aviation and aircraft specialisation.

Commenting on the sponsorship, Peter Barrett, CEO of SMBC Aviation Capital said, “Our sponsorship of this programme demonstrates our support of the Irish education sector while also ensuring that we are at the forefront of the latest thinking in the areas of asset valuation and financial modelling.We will also benefit from access to a pool of highly specialised graduates.The development of this course underpins the strength of this rapidly evolving industry in Ireland.”

Speaking about the course benefits, Patrick Blaney, course leader of the MSc in Aviation Finance: “The success of any Masters programme is driven by its intellectual content and the career opportunities it creates. UCD Smurfit School’s MSc in Aviation Finance is suitable for graduates from a wide variety of disciplines including business, economics, finance, engineering and science who want to pursue a career in the highly dynamic sector of Aviation Finance & Leasing. We have had significant interest in the programme from overseas graduates, in particular from Hong Kong, Singapore and China, who recognise the unique opportunity to gain specialist knowledge of the principles of Aircraft and Corporate Finance activities direct from Industry Leaders. ”

SMBC Aviation Capital, along with other industry partners, has committed support to the programme over 5 years (2016 – 2020) and over this time will

  • Lend expert support and sharing experiences through employee participation at guest lectures and speaking engagements
  • Provide an advisory role through board membership
  • Provide industry knowledge and workspace as required to the student body

The MSc in Aviation Finance launches on April 12th 2016 in the UCD Michael Smurfit Graduate Business School.SMBC Aviation Capital will host a graduate recruitment stand.This will be followed by an address from Willie Walsh, CEO of IAG.SMBC Aviation Capital will also host an open event at its offices in the IFSC in the coming weeks so that potential candidates can learn more about the aircraft leasing industry.



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SMBC Aviation Capital

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