Dublin, 20 November 2018: SMBC Aviation Capital, one of the world's leading aircraft leasing companies, today announces its results for the half year ended 30 September 2018.
Commenting on the results, Peter Barrett, CEO of SMBC Aviation Capital, said: "I am pleased to report another solid half year performance, driven by our core lease rentals as a result of a transitioning of our portfolio into new technology aircraft, a strong period for trading aircraft and an overall strengthening of our capital base.
This performance again proves the strength of our strategy which has been centred on managing the quality of a young, technologically advanced and fuel efficient portfolio. This is coupled with our approach to risk management and the ongoing support of our shareholders which will be further evidenced with the injection of new capital of $1 billion, expected in the coming weeks.
We are taking advantage of the positive environment in the wider aviation market to continue to deliver for our customers and to optimally position our business as the industry prepares itself for higher fuel prices and interest rates.We have also created a strong aircraft placement and trading pipeline which alongside the strength of our business positions us well to manage the challenges and take opportunities that a changing operating environment brings."
[note1] - LOIs for 12 of these units were signed post 30 September 2018