SMBC Aviation Capital upscales Boeing 737 MAX order to 81 aircraft

Dublin, 12 Sept 2023:  SMBC Aviation Capital and Boeing today announced an order for an additional 25 737 MAX aircraft. The order takes the international aircraft leasing company’s firm orders for the fuel-efficient new generation type to 81 aircraft, with the additional 25 aircraft valued at over US$ 3.7 billion at current list prices.

The additional aircraft ordered are scheduled for delivery in 2028 and 2029.

The 737 MAX will provide SMBC Aviation Capital’s customers with greater operational flexibility and fuel efficiency, reducing fuel use and emissions by up to 20%. On average each 737 MAX aircraft will save up to 8 million pounds of CO2 annually compared to previous generation aircraft types.

In addition to the 81 737 MAX aircraft on order, SMBC Aviation Capital currently owns or manages a total of 65 737 MAX aircraft, out of a total current portfolio of 711 owned and managed aircraft.

Peter Barrett, CEO of SMBC Aviation Capital said: 
“We are pleased to conclude this further order with our long-standing partner Boeing, and we look forward to working closely with them in the future. This transaction demonstrates our commitment to provide our customers with the latest technology, most fuel-efficient aircraft, as they seek to meet their own sustainability objectives and reduce operating costs. 

Our customers have demonstrated clear long-term demand for the 737 MAX and our expanded order pipeline positions SMBC Aviation Capital for future growth against the background of a strong global recovery in air travel.”

Stan Deal, president and CEO, Boeing Commercial Airplanes said:
“As one of the industry’s leading airplane lessors, SMBC Aviation Capital’s decision to increase its 737 MAX backlog with an order for 25 737-8s shows its confidence in the value the airplane brings to its airline customers. The 737-8’s incredible versatility and unrivalled fuel-efficiency makes it a key asset for the leasing community in its drive to help airlines achieve sustainability and efficiency goals.” 

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For more information please contact:
Conor Irwin, SMBC Aviation Capital         +353 87 3816106
    
Richard Webster-Smith, FGS Global         +44 20 7251 3801

Note to Editors

About SMBC Aviation Capital  

Based in the IFSC in Dublin Ireland, SMBC Aviation Capital is the second largest aircraft operating lease company globally by number of aircraft, with an owned, managed and committed fleet of just under 900 aircraft. The company focuses on the most technologically advanced, fuel efficient and narrowbody aircraft types, providing customers across the globe with the aircraft they need to successfully grow their businesses.  Established in 2001, the company was acquired in 2012 by a consortium comprised of two of Japan’s biggest companies SMFG and Sumitomo Corporation.  For additional information, please visit SMBC Aviation Capital’s website at https://www.smbc.aero.

 About Boeing
As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future and living the company's core values of safety, quality and integrity. Learn more at www.boeing.com.