SMBC Aero Engine Lease (SAEL) is pleased to announce the successful closing of a sale & leaseback transaction with Cebu Pacific Air for eight (8) CFM56-5B4 spare engines.

Roger Welaratne, Chief Commercial Officer (SAEL) says, “We’re extremely pleased to complete this FIRST remarkable multiple sale & leaseback transactions with Cebu Air. Cebu Air is one of most successful and sustainably growing airlines in South East Asia. We are delighted to have established our partnership with them and proud to support their continued growth during the most challenging times for the aviation industry”.

“We are also delighted to start the relationship with SMBC Aero Engine Lease with this multiple spare engines leasing transaction and look forward to expanding our good relationship in the future” said Andrew Huang, CFO of Cebu Air.