SMBC Aviation Capital announces its results for the half year ended 30 September 2016

-Another period of strong profitable growth-

Dublin, 23 November 2016: SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, today announces its results for the half year ended 30 September 2016.


Key Highlights:

  • Revenue of $502.8 million, up 19.2% compared to H1 2015 ($421.8 million)
  • Profit before tax of $142.9 million, up 29.6% compared to H1 2015 ($110.2 million)
  • Aircraft assets in excess of $9.6 billion, comprising 273 owned and 180 managed aircraft
  • Closed 48 transactions during the period
  • 14 new aircraft deliveries, including our first A320 NEO and three B787s
  • Extended 10 leases with existing customers, and transitioned 13 aircraft to new lessees
  • 11 owned aircraft sold with an average age of 8.3 years, and contracted sale agreements / letters of intent signed for the sale of a further 16 aircraft with an average age of 10.3 years
  • 99.97% aircraft utilisation in owned fleet, reflecting high quality asset base
  • Broader shareholder product base used to enter into eight new Japanese Operating Lease with a Call Option (“JOLCO”) transactions for our customer base
  • $500 million inaugural bond issuance closed on 19 July 2016


“We are pleased to have delivered another six months of profitable growth. The strong fundamentals of the global aircraft leasing industry, together with our disciplined approach to asset selection and risk and portfolio management, as well as our focus on providing our customers with the most technologically advanced aircraft, have continued to yield strong results.

In July, we closed a $500 million senior unsecured notes offering. This was an important step forward for the company as we continue to diversify our sources of funding, and we have been encouraged by the market’s reaction to our investment case.

The company has continued to trade well since the period end, and we remain confident in the future prospects for SMBC Aviation Capital.”



-ends-

For media enquiries, please contact:

Rob Greening / Ben Griffiths, Powerscourt (UK): +44 207 250 1446

Jack Hickey, Powerscourt (Ireland): +353 83 448 8339

Note to Editors

About SMBC Aviation Capital

SMBC Aviation Capital is one of the world’s top 5 largest aircraft lessors, with over 100 airline customers in 44 countries. As of 30 September 2016, the company owns, manages and is committed to purchase 669 aircraft. Established in 2001, the company rebranded to SMBC Aviation Capital in 2012 following its acquisition by a consortium comprising two of Japan’s biggest companies SMFG and Sumitomo Corporation.

Latest tweets

Media enquiries:

Orla Benson
SMBC Aviation Capital

+353 1 859 9067

Email

OR

Rob Greening /Jack Hickey
Powerscourt

+44 0 207 250 1446
+353 1 669 4633

Email