SMBC Aviation Capital announces deal to lease 20 Airbus A321neo aircraft to United Airlines

Dublin, September 19, 2024: SMBC Aviation Capital, one of the world's leading aircraft leasing companies, has announced that it has signed definitive lease agreements with United Airlines for twenty (20) Airbus A321neo aircraft.

The aircraft, previously announced as part of United’s fleet plan in April, are scheduled to deliver from 2026 and will come from SMBC Aviation Capital’s direct Airbus orderbook.

This deal announcement is in addition to a recently completed 20 aircraft (Boeing 737-8 MAX) sale and leaseback transaction between SMBC Aviation Capital and United Airlines.

“The relationship between SMBC and United has never been stronger and these leases are a meaningful part of our efforts to optimize our balance sheet and to increase our return on capital,” said Michael Leskinen, United’s Chief Financial Officer. “We thank SMBC for its continued support and partnership.”

Barry Flannery, Chief Commercial Officer, SMBC Aviation Capital said:

“These, new, more fuel efficient aircraft will allow United to further grow their fleet and we are delighted to support them in this strategy. These agreements highlight the importance of our long-standing relationship with United and we look forward to many more years of successful partnership.”

-ENDS-

ABOUT SMBC AVIATION CAPITAL:

Headquartered in Dublin, Ireland, SMBC Aviation Capital is one of the world’s largest aircraft lessors. SMBC Aviation Capital has a high-quality global airline customer base with a portfolio comprising 83% narrow-body aircraft and 66% new technology aircraft (by net book value). With an owned managed and committed fleet of over 1000 aircraft, 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/