Boeing has announced an order from SMBC Aviation Capital for 25 more Boeing 737-8s. This order increases the lessor’s backlog to 81 737 MAX jets. As the demand for travel surges worldwide, there’s a growing trend among lessors to expand their single-aisle portfolios. The focus for lessors is to offer airlines planes that suit their network plans and are also fuel-efficient.
Peter Barrett, CEO of SMBC Aviation Capital, attributed the order to high demand as air travel recovers. “We are pleased to conclude this further order with our long-standing partner Boeing and look forward to working closely with them. This transaction demonstrates our commitment to providing our customers with the latest technology and the most fuel-efficient aircraft as they seek to meet their sustainability objectives and reduce operating costs. Our customers have demonstrated clear, long-term demand for the 737 MAX, and our expanded order pipeline positions SMBC Aviation Capital for future growth against the background of a strong global recovery in air travel.”
The 737-8 can seat from 162 to 210 passengers. It offers a range of 3,500 nautical miles, making it suitable for short- and medium-haul routes. Demand for the 737 MAX family remains strong, with Boeing securing over 400 orders in 2023.
Stan Deal, president and CEO of Boeing Commercial Airplanes, emphasized the aircraft’s sustainability advantage. “As one of the industry’s leading airplane lessors, SMBC’s decision to increase its 737 MAX backlog with an order for 25 737-8s shows its confidence in the airplane’s value to its airline customers. The 737-8’s incredible versatility and unrivaled fuel efficiency make it a key asset for the leasing community in its drive to help airlines achieve sustainability and efficiency goals.”
About SMBC Aviation Capital
Headquartered in Dublin, Ireland, SMBC Aviation Capital is the world’s second-largest aircraft operating lease company. Its fleet has nearly 900 aircraft, mostly narrowbody planes. Founded in 2001, two of Japan’s largest companies, SMFG and Sumitomo Corporation, acquired the aircraft lessor in 2012. To learn more, visit their website.