Leading aircraft lessor SMBC Aviation Capital has recently placed an order for 60 A320neo Family aircraft from Airbus. This order brings their total order book for this aircraft type to almost 340. This new order solidifies the long-standing strategic partnership between Airbus and SMBC Aviation Capital on the A320neo Family program.
With these new aircraft, SMBC Aviation Capital will have a continuous delivery stream well into the next decade. The A320neo Family is known for its low cost per seat mile. It helps airlines expand their networks with wide-body cabin products on longer-haul routes previously not feasible with single-aisle aircraft.
“This transaction is further testament to the sustained global demand for technologically advanced, fuel-efficient aircraft, and comes amidst the continuing strong recovery in air travel worldwide,” said Peter Barrett, CEO of SMBC Aviation Capital. “With sustainability and operational efficiency remaining key priorities for our customers, we anticipate even greater demand for aircraft such as the A320neo and the A321neo in the years ahead. We look forward to strengthening our valued partnership with Airbus as we help our customers navigate these priorities.”
“SMBC Aviation Capital’s latest decision to reinvest for the long term in the A320neo Family shows a great confidence and commitment to what is, and is continuing to be, the most successful aircraft program ever,” said Christian Scherer, Chief Commercial Officer and Head of Airbus International. “As one of the world’s leading aircraft lessors, SMBC Aviation Capital is committing to its sustainable aviation roadmap through the world’s most efficient single-aisle products. We very much appreciate our working relationship with SMBC and thank them sincerely for their continued confidence.”
About the A320neo Family
The A320neo Family has cutting-edge technologies like next-generation engines, Sharklets, and cabin efficiency enhancements. These advancements result in a remarkable 20% fuel reduction. Since its introduction in 2010, this highly sought-after aircraft has received over 6,500 orders from over 100 customers worldwide. It has secured a 60% market share.