SMBC Aviation Capital announces financing of 20 Boeing 737 MAX 9 aircraft with United Airlines

Dublin, December 10, 2025: SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, today announced that it has entered into agreements with United Airlines for the purchase and leaseback of twenty (20) Boeing 737 MAX 9 aircraft scheduled to deliver in 2025 and 2026.

This landmark transaction represents the third major deal between SMBC Aviation Capital and United Airlines in recent years. It follows previous agreements covering the lease of 20 Airbus A321neo aircraft from SMBC Aviation Capital’s orderbook, as well as a purchase and leaseback transaction for 20 Boeing 737 MAX 8 aircraft.

“We appreciate the thoughtful approach SMBC Aviation Capital brought to structure a transaction that supports our fleet strategy and allows us to deliver even better experiences for our customers,” said Michael Leskinen, United’s Chief Financial Officer. “We value our strong, longstanding relationship with SMBC Aviation Capital and their role in our ongoing fleet modernization.” 

Barry Flannery, Chief Commercial Officer at SMBC Aviation Capital, said: “We are delighted to expand our relationship with United Airlines. These aircraft will play an important role in advancing United’s fleet strategy with the latest fuel-efficient aircraft. This transaction reflects the deep trust and collaboration between our teams. We look forward to building on our relationship and supporting United’s fleet ambitions for many years to come.”

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Main Picture Source: with thanks to Boeing