Annual Report & Accounts 2023

Innovation, ambition and expertise

The combination of the organic and inorganic growth of our business has put us where we strategically want to be: we have achieved real scale and cemented our position as a market leader in this industry whilst maintaining the high-quality nature of our asset base.

Chairman’s Review

The last 12 months have been transformative for SMBC Aviation Capital. Most notably, the Company completed its acquisition of Goshawk and has since hit the ground running with the considered integration of the two businesses.

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Highlights 2023

Our fleet

894

owned, managed and committed

Our fleet

83%

portfolio comprised of narrowbody aircraft

Fitch and S&P rating

A-/BBB+

S&P / Fitch Ratings

Our trading history

460+

aircraft sold to 100+ third party investors and airlines

Our customers

114

airline and investor customers in 47 countries worldwide

Our fleet

63%

of new technology

Our fleet

5.1

weighted average age of fleet in years

Charity Partnerships

11

CSR Programme entering its 10th year with 11 active charity partnerships

Our people

250

professionals, represented in 11 global locations

Chief Executive’s Review

SMBC Aviation Capital is now a substantially larger and stronger business than it was prior to the Covid-19 pandemic at the beginning of 2020.

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Setting standards on sustainability

The status that comes with being the world’s second largest aircraft leasing company also brings with it a responsibility to act and take a leadership position in the decarbonisation of the industry.

Financial Review

In the past year, we have seen an exceptionally strong rebound in the demand for aircraft thanks to the acceleration of the recovery across all key markets globally. Indeed, the current market has surpassed pre-pandemic levels, translating into improved financial performance for SMBC Aviation Capital.

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Accelerating market recovery

With consumers continuing to prioritize spending on air travel, the positive momentum behind the recovery is displaying no signs of slowing and the global airline sector is firmly on track to return to profitability in 2023.

ESG Review

The status that comes with being the world’s second largest aircraft leasing company also brings with it a responsibility to act and take a leadership position in the decarbonisation of the aviation industry as well as the wider battle against climate change.

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Annual Report and Accounts

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