SMBC Aviation Capital signs lease agreements with Turkish Airlines for 5 Airbus A321neos

The aircraft will bring the number of SMBC Aviation Capital’s direct order book with Airbus placed at Turkish Airlines to 20 aircraft, delivered since 2022. These five aircraft are scheduled to be delivered in 2025. This transaction marks a further step in Turkish Airlines' fleet expansion and modernisation 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 A321neo aircraft will not only enhance Turkish Airlines' 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 Chairman of the Board and the Executive Committee Prof. Ahmet Bolat, said: “We are delighted to strengthen our partnership with SMBC Aviation Capital through this agreement. These Airbus A321neo aircraft will play a significant role in advancing our fleet modernization strategy, enhancing our operational efficiency, and supporting our sustainability goals.”

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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/

About Turkish Airlines 
Established in 1933 with a fleet of five aircraft, Star Alliance member Turkish Airlines has a fleet of 487 (passenger and cargo) aircraft flying to 349 worldwide destinations as 296 international and 53 domestics in 130 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.