News — 2019

SMBC Aviation Capital to lease A321neo to new customer Air Busan

20/12/2019

SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, has signed its first deal with new customer, Air Busan. The transaction involves the placement of one A321neo aircraft from the lessor’s orderbook. The aircraft which will be powered by Leap CFM engines will be delivered in February 2021.

Mr Han Tae-keun, President of Air Busan, said: “The addition of this A321neo aircraft from SMBC Aviation Capital to our fleet is in line with our fleet expansion strategy and with our objective of operating fuel efficient, technologically enhanced aircraft.”

Brian Harvey, Chief Marketing Officer of SMBC Aviation Capital, said: “We are very pleased to work with new customer Air Busan as we assist the airline with its expansion strategy and in parallel deepen our footprint in this region.”

Air Busan, based in Korea is 44.1% owned by Asiana Airlines.


About Air Busan

Air Busan is a low-cost airline based in Busanjin-gu, Busan, South Korea. It is a subsidiary of Asiana Airlines and the third largest Korea’s low-cost airline The airline was established in August, 2007 as a regional airline based in the southern area of Korea. In ten years, Air Busan has expanded to the point where one in three passengers using Gimhae International Airport(PUS) is currently using AIR BUSAN.

About SMBC Aviation Capital

Based in the IFSC in Dublin Ireland, SMBC Aviation Capital is one of the world’s leading aircraft leasing companies, with 83 airline customers in 37 countries. At 30 September 2019, the company owns, manages and is committed to purchase 717 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/

The addition of this A321neo aircraft from SMBC Aviation Capital to our fleet is in line with our fleet expansion strategy and with our objective of operating fuel efficient, technologically enhanced aircraft.

Mr Han Tae-keun, President of Air Busan

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