SMBC Aviation Capital concludes portfolio sale of 29 aircraft

The aircraft have been sold from SMBC Aviation Capital's managed fleet and comprised a range of asset types on lease to over 20 airlines.

Peter Barrett, CEO, SMBC Aviation Capital commented, "As a company, this is what we do best, from the original sale of the portfolio to Airspeed, managing a large portfolio of diverse aircraft with many different airlines over a twelve year timeframe and now concluding its sale. Airspeed has been a long-term customer for us and we have valued this relationship. There were many stakeholders involved in this process which demonstrates our ability to manage complex transactions. In addition, Genesis is an important customer and we acknowledge their close collaboration on this transaction."

Karl Griffin, CEO, Genesis added, "The acquisition of the 28 aircraft from Airspeed is an excellent investment for Genesis, delivering on our strategy as well as adding scale and diversification to our aircraft leasing portfolio. The SMBC Aviation Capital team has played a world class role in managing the Airspeed portfolio since 2007 and, in particular, during the final stages of transferring each aircraft to Genesis."