-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."
For more information please contact:
Orla Benson, SMBC Aviation Capital, Mobile: 00 353 86 047 4343
Ben Griffiths/Selene Alford, Powerscourt: +44 7753 464 637 / +353 87 642 8844
Avianca Holdings was established with the merger of Colombia-based Avianca and El Salvador-based Taca and now flies under the single Avianca brand. The airline serves 100 mainline destinations in 26 countries across Latin America, North America and Europe and has over 5,400 weekly frequencies from its three key hub operations in Bogota, Colombia; San Salvador, El Salvador and Lima, Peru.
About SMBC Aviation Capital
SMBC Aviation Capital is one of the world's leading aircraft lessors, with c. 100 airline customers in 42 countries.At 31 March 2017, the company owns, manages and is committed to purchase 668 aircraft.Established in 2001, the company was acquired in 2012 by a consortium comprising of two of Japan's biggest companies SMFG and Sumitomo Corporation.For further information go to https://www.smbc.aero/