News — 2018

SMBC Aviation Capital signs six aircraft deal with S7 Airlines

25/04/2018

25th April 2018:

SMBC Aviation Capital, the leading aircraft leasing company has today announced an agreement for the placement of six (6) A320 neo aircraft which includes a Pre-Delivery Payment ("PDP)" facility for all six aircraft. The aircraft, which are powered by Pratt & Whitney engines are part of SMBC Aviation Capital's order book and are scheduled to deliver in 2020.

SMBC Aviation Capital has worked with S7 Airlines since 2013 and this new deal will increase the number of aircraft on lease with the airline to thirteen (13).

Speaking on the conclusion of the transaction Peter Barrett, CEO, SMBC Aviation Capital said, "We are very pleased to conclude this transaction with Russia's largest domestic carrier, S7 Airlines which continues to expand its network across Europe, the Middle East and Asia. This deal from our order book demonstrates our capabilities in providing innovative fleet solutions to our customers."

CEO of S7 Airlines, Vladimir Obyedkov said "Together with our partner SMBC Aviation Capital we are pleased to offer our passengers an opportunity to travel on the most modern aircraft. S7 Airlines continues to upgrade its fleet, exploiting progressive technologies of the world's leading producers. Last summer we became the first Russian carrier that introduced Airbus A320neo to its passengers. These aircraft with higher level of comfort and fuel efficiency significantly outrank the previous generation" .

ENDS

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

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/

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