Continued strong first half performance driven by increase in lease revenue and trading SMBC Aviation Capital, one of the world's leading aircraft leasing companies, today announces its results for the half year ended 30 September 2019.
• Strong financial performance during the half year:
• Continued progress in transitioning to new technology aircraft
• Robust demand from airline customers and investors
• Global asset spread 43.6% Asia, 28.2% EMEA, 28.2% The Americas
• A-/A- ratings from S&P and Fitch
• $10.6 billion of financial backing from shareholders
• $5.3 billion of available liquidity
Commenting on the performance, Peter Barrett, CEO of SMBC Aviation Capital, said: “Successful implementation of our strategy and relentless focus on building long-term customer relationships has resulted in growth of our leasing business and continued interest from trade investors in acquiring our assets. This has allowed us to deliver a strong financial performance in the first half of the year, demonstrating our ability to deliver profitable growth.
Our differentiation continues to be the strength of our portfolio alongside the support and collaboration with our shareholder which enables us to provide a diverse product offering to a growing number of customers in the aviation industry.
The global aviation industry is continuing to face some challenges. Our young, fuel-efficient fleet and close collaboration with the aircraft manufacturers, combined with a strong track record over 18 years of delivering a disciplined strategy, means we are confident that we can continue to deliver further growth now and into the future and respond flexibly to changing market dynamics.”
For media enquiries, please contact:
Conor Irwin, SMBC Aviation Capital: +353 87 381 6106
Richard Webster Smith, Finsbury: +44 7796 708551Note to Editors
About SMBC Aviation Capital
Based in the IFSC in Dublin 1, 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/