December 2^nd 2019 SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, has today announced that it has signed its first deal with new customer Scoot, the low-cost arm of Singapore Airlines. The transaction involves the placement of six new A321neo aircraft with Scoot, with the aircraft scheduled to be delivered from the end of 2020 through 2021. The aircraft will be powered by Pratt & Whitney’s PurePower® PW1100G-JM engines.

Lee Lik Hsin, CEO of Scoot, said: “We look forward to receiving the A321neo aircraft from SMBC Aviation Capital; the aircraft will rejuvenate our fleet and enable us to meet our double-digit growth plan in the coming years.”

Peter Barrett, CEO of SMBC Aviation Capital, said: “We are very pleased to conclude this transaction with new customer Scoot as we further expand in this region. We look forward to working with Scoot on the delivery of these aircraft over the coming years and value the airline as one of our new customers.”