SMBC Aviation Capital signs six aircraft deal with S7 Airlines

25th April 2018: SMBC Aviation Capital, the leading aircraft leasing company has today announced an agreement for the placement of six (6) A320 neo aircraft which includes a Pre-Delivery Payment (“PDP)” facility for all six aircraft. The aircraft, which are powered by Pratt & Whitney engines are part of SMBC Aviation Capital’s order book and are scheduled to deliver in 2020.

SMBC Aviation Capital has worked with S7 Airlines since 2013 and this new deal will increase the number of aircraft on lease with the airline to thirteen (13).

Speaking on the conclusion of the transaction Peter Barrett, CEO, SMBC Aviation Capital said, “We are very pleased to conclude this transaction with Russia’s largest domestic carrier, S7 Airlines which continues to expand its network across Europe, the Middle East and Asia. This deal from our order book demonstrates our capabilities in providing innovative fleet solutions to our customers.”

CEO of S7 Airlines, Vladimir Obyedkov said, “Together with our partner SMBC Aviation Capital we are pleased to offer our passengers an opportunity to travel on the most modern aircraft. S7 Airlines continues to upgrade its fleet, exploiting progressive technologies of the world’s leading producers. Last summer we became the first Russian carrier that introduced Airbus A320neo to its passengers. These aircraft with higher level of comfort and fuel efficiency significantly outrank the previous generation”.