Record Revenue and Profitability Growth
Dublin, 11 June 2019: SMBC Aviation Capital (or the "Company" ), one of the world's leading aircraft leasing companies, today announces its results for the financial year ended 31 March 2019.
Commenting on the company's performance, Peter Barrett, CEO, SMBC Aviation Capital said:
"This was a record year for revenue and profitability driven by our highly experienced and dedicated team who focused on delivering a positive customer experience for our airline and trading partners across the globe.
We maintained a well-balanced and managed aircraft portfolio which was supported by the announcement in December 2018 that we will take delivery of an additional 65 new A320 NEO aircraft between 2023 and 2025.This highlights our commitment to future growth with the most technologically advanced and fuel-efficient models in line with our customers' specifications across the globe.
The year was also marked by our ability to maintain a robust and flexible balance sheet. Confidence in our strategy was evidenced by our shareholders following a substantial capital injection of $1 billion and by the market in our ratings upgrade which makes us the highest rated dedicated aircraft leasing companies in our sector.
We have also spent considerable time planning for the future, working closely with our customers to anticipate their needs. This is enabling us to differentiate ourselves from other lessors in the market and will serve to insulate us from any future challenges and, capitalise on opportunities that may arise."
Orla Benson, SMBC Aviation Capital, Mobile: +353 86 047 4343
Ben Griffiths Powerscourt: +44 7753 464 637
ABOUT SMBC AVIATION CAPITAL:
SMBC Aviation Capital is one of the world's leading aircraft lessors, with 86 airline customers in 40 countries. At 31 March 2019, the company owns, manages and is committed to purchase 729 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 financial and non-financial metrics disclosed for the period relate to SMBC Aviation Capital's Irish entity and its subsidiaries