Airbus gets $11.8bn order from Dublin-based SMBC

Deal is reported to be the largest single-aircraft order ever placed by an Irish-based lessor

SMBC chief executive Peter Barrett

SMBC chief executive Peter Barrett

Tue, Jul 15, 2014, 11:28

Dublin-based aircraft leasing company SMBC Aviation Capital said it had placed an order worth $11.8 billion with Airbus for 115 aircraft.

The firm order is for 110 A320neo and five A320ceo aircraft, SMBC said in a statement on Tuesday.

SMBC, which is the world’s third largest aircraft lessor, said the deal is the largest single-aircraft order ever placed by an Irish-based lessor.

“This is a landmark order for SMBC Aviation Capital and indeed for the wider aircraft leasing industry,” said the company’s chief executive Peter Barrett.

Formerly part of the Royal Bank Scotland Group (RBS), SMBC has acquired more than 494 aircraft since its launch in 2012.

Separately, Irish aircraft Avalon lessor announced plans to acquire 15 Airbus 133neo aircraft at a cost of $4.1 billion.

The deal brings the total number of aircraft owned, managed and committed by Avalon to 222.

Sign In

Forgot Password?

Sign Up

The name that will appear beside your comments.

Have an account? Sign In

Forgot Password?

Please enter your email address so we can send you a link to reset your password.

Sign In or Sign Up

Thank you

You should receive instructions for resetting your password. When you have reset your password, you can Sign In.

Hello, .

Please choose a screen name. This name will appear beside any comments you post. Your screen name should follow the standards set out in our community standards.

Thank you for registering. Please check your email to verify your account.

We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Standards. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment or by filling out this form. New comments are only accepted for 3 days from the date of publication.
From Monday 20th October 2014 we're changing how readers sign-in to comment, click here for more information.