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Mar. 01, 2006
Sumitomo Corporation

Sumitomo Corporation concludes an operating-lease contract with ANA for one A320-200 aircraft

Sumitomo Corporation (President: Motoyuki Oka; Head Office: Chuo-ku, Tokyo) concluded an operating-lease contract with All Nippon Airways Co., Ltd. (President: Mineo Yamamoto; Head Office: Minato-ku, Tokyo), for an aircraft made by Airbus S.A.S. The deal marks the first time for ANA to secure an aircraft under an operating lease contract with Sumitomo Corporation. For chosing the Airbus A320-200 aircrtaft under their operation, ANA has selected an operating-lease structure where trading houses or other leasing companies owns an aircraft and lease the same to an airline. Sumitomo Corporation currently owns 22 aircraft and leases them to airlines in Europe, the Americas, Asia, and Africa under operating-lease contracts. Sumitomo Corporation has made aircraft leasing its core business and is actively expanding that business and its fleet portfolio. In the past, Sumitomo Corporation had no operating lease contracts with any Japanese airlines, and therefore, the latest contract with ANA marks the first aircraft lease transaction for Sumitomo Corporation with a Japanese airline.

ANA is planning to operate the subject Airbus A320-200 aircraft (150 seats) on routes between Japan and China. Sumitomo Corporation plans to deliver the aircraft to ANA in July 2007.

Inquiries

Corporate Communications Department,
Sumitomo Corporation

TEL:+81-3-5166-3100News Release Contact Form

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