July 1st 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 two Pratt and Whitney- powered (2) A321neo aircraft with Turkish Airlines (MSNs 9157 and 9326).
Both aircraft are newly manufactured and were delivered to the airline at the Airbus production facility in Hamburg.
Peter Barrett, Chief Executive Officer, SMBC Aviation Capital said, “We are delighted to sign this agreement today, which extends the long-standing partnership we are proud to have built with Turkish Airlines. This is a further example of the flexible, long-term financing solutions we are able to offer our customers as a result of SMBC Aviation Capital’s strong capital position and industry-leading credit rating.”
Murat Şeker, Chief Financial Officer, Turkish Airlines said: “We are delighted to be signing a further deal with SMBC Aviation Capital. These two newly-built Airbus A321neo’s offer industry-leading fuel efficiency and environmental emissions standards and will further strengthen our fleet.”
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.