SMBC Aviation Capital orders 100 Airbus A320neo family aircraft

SMBC Aviation Capital has placed a firm order for an additional 65 A321neo and 35 A320neo aircraft. The agreement was finalised at the Farnborough International Airshow. “This significant new order will give our airline customers access to a continuous delivery pipeline of the latest technology A320neo family aircraft into the mid-2030s,” said Peter Barrett, CEO of SMBC Aviation Capital. “We are pleased to build on the deep partnership we have established with Airbus over the last 25 years, and this latest order reflects our confidence in the long-term demand for the A320neo family. Today’s announcement reflects SMBC Aviation Capital’s long-term commitment to supporting our airline customers, positioning us as the leading global aviation finance platform, ready to meet their ever-evolving needs.” “Our partnership with SMBC Aviation Capital goes from strength to strength. We are honoured to stand with SMBC Aviation Capital as they place this order for additional A320neo family aircraft – the world’s most leased and most traded aircraft making it the benchmark for airlines, lessors and investors alike”, said Benoît de Saint-Exupéry, Airbus EVP Sales of the Commercial Aircraft business. “SMBC Aviation Capital’s investment reflects the global market appetite for the A320neo Family for the years to come as customers select the latest generation and most efficient aircraft to grow and renew fleets.” SMBC Aviation Capital is already one of the largest customers for the A320 Family and together with its parent company Sumitomo Corporation, accounts for over 900 total commitments directly from Airbus for all Airbus aircraft types. SMBC selects CFM LEAP-1A engines to power A320neo aircraft SMBC Aviation Capital announced it has finalised an agreement for CFM International LEAP-1A engines to power 35 Airbus A320neo family aircraft. A long-time CFM customer, the Dublin-based group currently owns and manages a fleet of more than 750 aircraft powered by LEAP and CFM56 engines in service or on order. “We are very pleased to build on our 25-year partnership with CFM International with this order for further LEAP-1A engines for our A320neo family aircraft,” said Peter Barrett, CEO of SMBC Aviation Capital. “Our customers are prioritizing the improvements in fuel efficiency, reduced noise and lower emissions that the CFM LEAP family offers and transitioning our portfolio to aircraft powered by the latest generation of engines will help us deliver on our commitment to support the industry’s decarbonization journey.” “We are honoured by SMBC Aviation Capital’s continued confidence in our products,” said Gaël Méheust, President and CEO of CFM International. “Our focus remains on delivering engines that support the long-term profitability of their airline customers, and we look forward to strengthening this important relationship for years to come.” With more than 10,000 engines delivered to date, CFM LEAP engines have experienced the fastest ramp in commercial aviation history. CFM continues to upgrade the LEAP fleet with a high-pressure turbine (HPT) durability kit to extend time on wing and a reverse bleed system (RBS) to lower airline maintenance burden. For Editorial Inquiries Contact: Editor Matt Driskill at [email protected] For Advertising Inquiries Contact: Head of Sales Sally Passey at [email protected]