- SMBC Aviation Capital's single largest transaction with Aeromexico -
November 29th 2017 - SMBC 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."
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
Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, MexicoÂ´s global airline, operates more than 600 daily flights and its main hub is in Terminal 2 at the Mexico City International Airport. Its destinations network features more than 80 cities on three continents, including 45 destinations in Mexico, 23 in the United States, 15 in Latin America, 4 in Canada, 4 in Europe, and 3 in Asia.
The Group's operating fleet of more than 125 aircraft is comprised of Boeing 787, 777 and 737 jet airliners and next generation Embraer 170 and 190 models. In 2012, the airline announced the most significant investment strategy in aviation history in Mexico, to purchase 100 Boeing aircraft including 90 MAX B737 jet airliners and 10 B787-9 Dreamliner'.