Tags: Japan | aviation | SMBC | Boeing

Japan's SMBC Aviation Orders 80 Boeing Planes for $8.5 Billion

Monday, 10 Nov 2014 07:50 AM

Japanese aircraft leasing giant SMBC Aviation Capital said Monday it placed an order for 80 Boeing planes in a deal worth up to $8.5 billion.

The company, owned by Sumitomo Mitsui Financial Group and trading firm Sumitomo Corp., said its purchase of the 737 MAX 8 aircraft marked the single largest order for the plane by a leasing company as it looks to further tap the lucrative sector.

SMBC, the world's third-biggest aircraft lessor, already has a stable of more than 370 planes which it rents to carriers, with 95 airline customers.

The 737 MAX 8, a 200-seat, single-aisle, fuel-efficient plane, is the main rival to the Airbus A320neo.

"Today's announcement shows our ongoing commitment to the new generation of the popular 737 family, as well as our appetite to keep broadening and deepening our platform in order to service our customers' requirements," SMBC Aviation's chief executive Peter Barrett said in the statement.

In July, SMBC Aviation announced an order from Airbus for 115 single-aisle A320s in a deal worth around $11.7 billion at list prices.

The announcement on Monday comes less than a week after a property flagship led by Asia's richest tycoon Li Ka-shing said it planned to buy up to 60 passenger jets in a series of transactions that amount to more than $2.5 billion.

© AFP 2017

 
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Japanese aircraft leasing giant SMBC Aviation Capital said Monday it has placed an order for 80 Boeing planes in a deal worth up to $8.5 billion.
Japan, aviation, SMBC, Boeing
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2014-50-10
Monday, 10 Nov 2014 07:50 AM
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