June 26th 2020: SMBC Aviation Capital, one of the world's leading aircraft leasing companies, has today announced that it has concluded a sale and leaseback agreement for six (6) A320neo aircraft with easyJet (MSNs 8243, 8304, 9110, 9105, 9111, 9171).
The agreement with easyJet consists of the sale and leaseback of six A320neo aircraft which vary in age from six months to two years of age. Agreements for three of these aircraft were concluded in early June, with the remaining three aircraft contracted this week.
Peter Barrett, Chief Executive Officer, SMBC Aviation Capital said, “We are delighted to sign this sale and leaseback agreement with easyJet building on our long-term partnership with the airline. This transaction highlights how SMBC Aviation Capital can effectively leverage its strong capital position and industry leading credit rating to offer flexible long-term financing solutions to its customers facingthe most challenging of circumstances.”
SMBC Aviation Capital is one of the top five aircraft lessors globally, with a fleet comprising 720 owned, managed and committed aircraft, and benefits from a close relationship with its shareholders Sumitomo Mitsui Financial Group and Sumitomo Corporation. SMBC Aviation Capital has a strong capital position and holds the joint highest credit rating out of all aircraft leasing companies, reflecting the long-term strength of its business.