SMBC Aviation Capital Places One Airbus A350-900 on Direct Operating Lease With Lufthansa
Updated: Oct 15, 2021
SMBC Aviation Capital has signed a direct operating lease agreement with Lufthansa for one Airbus A350-900 (MSN 228). The aircraft is powered by Rolls-Royce Trent XWB engines and is scheduled for delivery during the first quarter of 2022.
On Monday (October 4, 2021), SMBC Aviation Capital announced the placement of one Airbus A350-900 to Lufthansa under a direct operating lease agreement. The A350-900 (MSN 228) is powered by Rolls-Royce Trent XWB engines and will be delivered to Lufthansa during Q1 2022. SMBC Aviation Capital’s fleet is now comprised of 57 percent new technology aircraft, providing operators with the newest, most fuel efficient, and most environmentally friendly technology on the market.
In Monday’s announcement, SMBC Aviation Capital’s Chief Executive Officer, Peter Barrett, said,
“We are delighted to sign this agreement today, which represents our first direct operating lease with Lufthansa. We look forward to working with the airline on the delivery of this fuel-efficient A350 aircraft which will assist the airline in its fleet modernization program and help Lufthansa Group meet its demanding CO2 reduction targets.”
Also commenting on the new direct operating lease agreement, Deutsche Lufthansa Group’s Executive Board Member, Dr. Detlef Kayser, said,
“The Airbus A350 is one of the most modern aircraft of our time. Extremely fuel-efficient, very quiet and much more economical than its predecessors. Our customers appreciate not only the sustainability but also the premium flight experience with this aircraft. This lease allows us to remain flexible in fleet planning and make the most of exceptional market opportunities.”
Established in 2001, SMBC Aviation Capital is one of the world’s leading aircraft lessors and currently serves over 85 airline customers in 36 countries. As of September 30, 2021, the company had an owned, managed and committed portfolio of over 730 aircraft. In 2012, SMBC was acquired by a consortium of two of Japan’s biggest companies, Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Corporation. SMBC Aviation Capital holds the highest joint credit rating of all aircraft leasing companies.
Source: SMBC Aviation Capital