SMBC Aviation Capital Receives 'A-' Rating From Fitch

Fitch also highlighted the quality of SMBC Aviation Capital's aircraft fleet, being comprised of
young, in-demand, fuel-efficient narrowbody aircraft, the company's ability and discipline to
execute aircraft sales through various market environments and its direct order book, which will
transition its portfolio to new technologies, as key credit strengths.

Commenting, Barry Flannery, CFO of SMBC Aviation Capital, said: "This upgrade from Fitch,
which affirms our position as one of the highest rated lessors in the industry, is another
endorsement of the strength of our operations, assets and people as we continue to grow our
platform around the world. This, combined with the ongoing support of our shareholders and our
successful debut bond issue last year, gives us stronger foundations than ever before from which
to further develop and expand our business."

SMBC Aviation Capital is also rated BBB+ by Standard & Poor'.