SMBC Aviation Capital signs five Airbus A320neo aircraft deal with SAS

SMBC Aviation Capital, one of the world's leading aircraft leasing companies has today (December 12th 2016) announced that it has concluded a deal with Scandinavian Airline, SAS, for five Airbus A320neo aircraft on Sale and Leaseback.

This is the most significant deal that SMBC Aviation Capital has completed with the airline and is the company's first Airbus A320neo to be placed in Europe.

The first aircraft (MSN 7352) will deliver on December 14th 2016 with the additional four aircraft expected to deliver between 2017 and 2018.

Commenting on the deal, Brian Harvey, Chief Marketing Officer, SMBC Aviation Capital said, "We are very pleased to conclude a deal of scale with SAS, our first deal in Europe for the placement of an Airbus A320neo. This is a new partnership with SAS and we look forward to working with the airline in delivering on its future fleet requirements."

Niklas Hårdänge, Vice President Fleet Management, SAS added, "We are very pleased to add these new technologically enhanced aircraft from SMBC Aviation Capital to our fleet in line with our growth objectives."

The agreement means that SAS, at the time of delivery of the aircraft will sell the aircraft to SMBC Aviation Capital and then lease them back for a long term lease period.

In total, SMBC Aviation Capital has leased 15 Airbus A320neo aircraft with airline customers across the world in 2016.

 

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For more information, please contact:

Orla Benson, SMBC Aviation Capital: +353 86 047 4343

Rob Greening/Jack Hickey, Powerscourt: +44 207 250 1446/+353 83 448 8339

About SAS

SAS is Scandinavia's largest airline, flying customers to 1300 destinations worldwide and is part of the Star Alliance.

About SMBC Aviation Capital

SMBC Aviation Capital has 150 airline and investor customers in 50 countries. The company owns, manages and is committed to over 660 aircraft. Established in 2001, the company was acquired in 2012 by a consortium comprising two of Japan's biggest companies SMFG and Sumitomo Corporation. SMBC Aviation Capital launched its debut bond with the sale of $500 million unsecured notes. For more information