SMBC Aviation Capital Orders 65 A320neo Family Aircraft

Sumitomo Mitsui Financial Group, Inc. (President and Group CEO: Takeshi Kunibe), Sumitomo Mitsui Finance and Leasing Company, Limited (President: Masaki Tachibana),  Sumitomo Mitsui Banking Corporation (President and CEO: Makoto Takashima), and Sumitomo Corporation (President and Chief Executive Officer: Masayuki Hyodo), hereinafter referred to as “the Consortium,” announced that SMBC Aviation Capital Limited (SMBC Aviation Capital; CEO: Peter Barrett), a leading global aircraft leasing company owned by the Consortium, has signed a contract with Airbus SAS to purchase 65 A320neo family aircraft. The aircraft will be delivered between 2023 and 2025. 

In the growing aviation industry, the successful completion of this contract, along with the existing order of 115 aircraft placed with Airbus SAS in July 2014, will enable the sustainable growth of SMBC Aviation Capital, as well as maintaining its leading market position in the industry. 

As announced on November 29, 2018, “Reorganization of the Sumitomo Mitsui Financial Group, Inc. and Sumitomo Corporation Joint Leasing Partnership: Partial Execution”, SMBC Aviation Capital received US$1billion to strengthen its capital position.  This alongside an order for new aircraft should be taken as a clear sign of the Consortium’s commitment to the aviation industry. The Consortium will continue to place a strong focus on ensuring the growth of both SMBC Aviation Capital and the Consortium for the future.  

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