SMBC Aviation Capital signs lease agreements with Turkish Airlines’ fully owned subsidiary AJet for 5 Airbus A320neos

With these direct leases to AJet, the aircraft will bring the number of SMBC Aviation Capital’s portfolio placed at Turkish Airlines to 25 aircraft, since 2022. These five young, fuel efficient A320neos are scheduled to be delivered in Q42025 through Q22026 and will be operated exclusively by AJet. This transaction marks a further step in AJet’s fleet expansion and operational efficiency strategy. 

Barry Flannery, Chief Commercial Officer of SMBC Aviation Capital, said, "This transaction is a testament to the strong relationship we have built with Turkish Airlines. The Airbus A320neo aircraft will not only enhance AJet’s operational capabilities but also contribute to a more sustainable aviation industry. We are proud to support Turkish Airlines in their growth and modernisation efforts and look forward to many more successful collaborations in the future." 

Turkish Airlines Chief Financial Officer and Member of the Board and the Executive Committee Assoc Prof. Murat Şeker said: “We are delighted to further strengthen our partnership with SMBC Aviation Capital through this agreement. These new Airbus A320neo aircraft will bolster our operations with their superior fuel efficiency and cost-effectiveness, aligning seamlessly with our commitment to operational excellence and sustainable growth. Ajet’s mission is to make air travel more accessible and budget-friendly for all. This collaboration is a testament to AJet’s dedication and a clear step forward in extending the advantages of low-cost aviation to even more passengers.”

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About SMBC Aviation Capital 

SMBC Aviation Capital is one of the largest aircraft leasing companies globally by number of aircraft and benefits from the strong support of its shareholders Sumitomo Mitsui Financial Group and Sumitomo Corporation. SMBC Aviation Capital has a high-quality global airline customer base with a portfolio comprising 87% narrow-body aircraft and 73% new technology aircraft (by net book value). SMBC Aviation Capital has a strong capital position and holds an A- and BBB+ rating with S&P and Fitch respectively, reflecting the long-term strength of its business. For more information, please visit: https://www.smbc.aero/

About Turkish Airlines 

Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines has a fleet of 484 (passenger and cargo) aircraft flying to 353 worldwide destinations as 300 international and 53 domestics in 131 countries. More information about Turkish Airlines can be found on its official website www.turkishairlines.com or its social media accounts on Facebook, X, YouTube, LinkedIn and Instagram.

Media Contacts

SMBC Aviation Capital
Conor Irwin +353 87 381 6106
Dara O’Sullivan +353 86 021 0135
Ellen Sherry +353 86 782 5906

Turkish Airlines 
PRESS@THY.COM