Channel NewsAsia

Japanese leasing company orders 115 Airbus jets for US$11.7b

SMBC Aviation Capital, the Japanese aircraft leasing company, has signed an order for 115 single-aisle A320 Airbus planes costing $11.7 billion (8.6 billion euros) at list prices, it said on Tuesday.

FARNBOROUGH: SMBC Aviation Capital, the Japanese aircraft leasing company, has signed an order for 115 single-aisle A320 Airbus planes costing $11.7 billion (8.6 billion euros) at list prices, it said on Tuesday.

"This new order is the industry's largest ever single firm order by a worldwide leasing company for single-aisle aircraft," SMBC said in an announcement made at the Farnborough airshow near London.

SMBC will take 110 A320neo planes and five A320ceo.

"This is a landmark order for SMBC Aviation Capital and indeed for the wider aircraft leasing industry, and I am delighted to be continuing the close and long-standing relationship that our business enjoys with Airbus," said SMBC chief executive Peter Barrett.

"The A320 family has played a crucial role in SMBC Aviation Capital's success to date, and this order should be taken as a clear sign both of our commitment to the new generation of single-aisle aircraft as well as our ambitious plans to grow our business," he added.

Tweet photos, videos and updates on this story to  @channelnewsasia