Jul. 15, 2014
Sumitomo Mitsui Financial Group, Inc.
Sumitomo Mitsui Finance and Leasing Company, Limited.
Sumitomo Mitsui Banking Corporation
SMBC Aviation Capital orders Airbus aircraft
Sumitomo Mitsui Banking Corporation (President: Takeshi Kunibe) and Sumitomo Mitsui Finance and Leasing Company, Limited (President: Yoshinori Kawamura), both subsidiaries of Sumitomo Mitsui Financial Group, Inc. (SMFG; President: Koichi Miyata), and Sumitomo Corporation (SC; President and CEO: Kuniharu Nakamura), referred to collectively as “the Consortium”, announce that SMBC Aviation Capital Limited (SMBC Aviation Capital; CEO: Peter Barrett), the world’s third largest aircraft lessor, which is owned by the Consortium, has signed a contract with Airbus SAS to purchase 115 A320 Family aircraft. This order will consist of 110 A320neo and five A320ceo aircraft, which will be delivered between 2016 and 2022.
Airbus SAS has confirmed that this order is the largest single-aisle aircraft order ever placed by a lessor. The order should be taken as a clear sign of our commitment to the new generation of single-aisle aircraft, as well as our plans to continue to grow SMBC Aviation Capital.
Since June 2012 when the Consortium acquired SMBC Aviation Capital, our aim has been to capture the growing demand for new aircraft in emerging markets, notably in Asia, by offering a broad range of higher-value-added financial services to airlines. In addition, we have been successful in leveraging the existing strengths of both SMFG and SC, such as sound financial positions, the capability to provide sophisticated financial solutions, a broad global client base, and advanced risk management practices. Today we are pleased to announce an important step forward on the path to realising the vision that we have for SMBC Aviation Capital.
Corporate Communications Department,