SMBC Aviation to purchase 14 additional Boeing 737-8s

Aircraft leasing company SMBC Aviation Capital has entered into a purchase agreement with Boeing for an additional 14,737-8.

Once delivered, the new additions will bring the number of 737 MAX aircraft with SMBC Aviation to 121.

In the first quarter of this year, the Ireland-based company delivered 13,737-8 to various carriers, including 11 planes to Southwest Airlines in the United States and two planes to TUI in Europe.

In 2018, the lessor also signed a sale-leaseback agreement with Indian carrier Jet Airways for 13,737 MAX 8.

Peter Barrett, CEO of SMBC Aviation Capital, said: “We are pleased to have reached an agreement with Boeing to purchase 14 low-cost carrier-configured 737 MAX aircraft, an aircraft for which we are seeing an increase of customer demand following its successful return. a service.”

The new order comes as airlines prepare to exit the impact of the Covid-19 pandemic and modernize their narrow-body fleets with a more sustainable alternative.

this year Alaska Airlines ordered 23 737-9 MAXs as part of its fleet modernization program.

The 737-8, which is part of the 737 MAX family, has a range of 3,550nm, about 600 miles longer than its predecessor.

The aircraft also reduces fuel consumption and COâ‚‚ emissions by 16% compared to its predecessor.

Boeing Senior Vice President of Commercial Sales and Marketing Ihssane Mounir said: “SMBC is actively managing its portfolio in a very dynamic market. With this new order for the fuel-efficient 737-8, the lessor is well positioned to help its customers capture demand for domestic travel in several countries and regions. ”

SMBC Aviation owned and managed 496 aircraft until March 31, 2021. It has 85 airline customers in 36 countries.

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