Industry Addendum
Jet Airways signs lease deal with Japan’s SMBC
March 1st 2018
SMBC Aviation Capital, a joint venture leasing company owned by Japan’s SMFG and the Sumitomo Corporation has signed a sale and leaseback agreement with Jet Airways in India for 13 B737 MAX 8s with first delivery scheduled for August this year. Read More »
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SMBC has been a client of the full service airline since 2004. It has previously leased three B737-800s to the Mumbai-headquartered carrier that were delivered in recent months.
“We are very pleased to conclude this transaction, our most significant MAX sale and leaseback to date,” SMBC Aviation Capital CEO, Peter Barrett, said: “This transaction, which follows a competitive tender process, demonstrates our ability to deliver innovative financial solutions to our customers.”
Jet Airways CEO, Vinay Dube, said: “This agreement will facilitate a well programmed induction of the much awaited B737MAX 8 aircraft to our fleet and help us enhance operational efficiency.”
