SMBC Aviation Capital concludes portfolio sale of 29 aircraft

- the company’s single largest portfolio sale to date -

Dublin, 12 November 2019: SMBC Aviation Capital, one of the world’s largest aircraft leasing companies has today announced the conclusion of a portfolio sale of 29 aircraft. The sale was concluded on behalf of Airspeed, an aircraft securitisation which has been managed by SMBC Aviation Capital since 2007. The transaction involved the sale of 28 aircraft to aircraft leasing company, Genesis, with one additional aircraft sold to an undisclosed investor.

The aircraft have been sold from SMBC Aviation Capital’s managed fleet and comprised a range of asset types on lease to over 20 airlines.

Peter Barrett, CEO, SMBC Aviation Capital commented, “As a company, this is what we do best, from the original sale of the portfolio to Airspeed, managing a large portfolio of diverse aircraft with many different airlines over a twelve year timeframe and now concluding its sale. Airspeed has been a long-term customer for us and we have valued this relationship. There were many stakeholders involved in this process which demonstrates our ability to manage complex transactions. In addition, Genesis is an important customer and we acknowledge their close collaboration on this transaction.”

Karl Griffin, CEO, Genesis added, “The acquisition of the 28 aircraft from Airspeed is an excellent investment for Genesis, delivering on our strategy as well as adding scale and diversification to our aircraft leasing portfolio. The SMBC Aviation Capital team has played a world class role in managing the Airspeed portfolio since 2007 and, in particular, during the final stages of transferring each aircraft to Genesis.”

ENDS

For more information please contact:

Orla Benson / Conor Irwin SMBC Aviation Capital, Mobile: + 353 86 047 4343

Richard Webster Smith, Finsbury: + 44 7796 708551

Notes to Editors:

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/

About Genesis:

Established in 2014 and headquartered in Dublin, Ireland, Genesis is a full-service commercial aircraft leasing platform with 41 customers in 33 countries across the globe. The Genesis portfolio currently comprises 73 owned, managed and committed Boeing and Airbus aircraft.

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SMBC Aviation Capital

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