SMBC Aviation Capital has ordered 25 Boeing 737-8 MAX jets, increasing their order backlog to a total of 81 737 MAX Family airplanes, with a focus on the market-leading 737-8.
On Tuesday (September 12, 2023), Boeing announced that SMBC Aviation Capital has ordered 25 Boeing 737-8 MAX jets. The new incremental order expands the lessor’s order backlog to 81 Boeing 737 MAX Family airplanes, with a focus on the 737-8 model. The market-leading 737-8 provides operator flexibility while reducing fuel use and emissions by an average of around 20 percent. Annually, each jet will save up to 8.0 million pounds of CO2 emissions compared to the airplanes it replaces. During 2023 alone, Boeing has secured more than 400 737 MAX Family orders.
In Tuesday’s announcement, SMBC Aviation Capital’s CEO, Peter Barrett, said,
\“We are pleased to conclude this further order with our long-standing partner Boeing and we look forward to working closely with them in the future. This transaction demonstrates our commitment to provide our customers with the latest-technology, most fuel-efficient aircraft, as they seek to meet their own 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.”
Boeing Commercial Airplanes’ President and CEO, Stan Deal, added,
“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 value the airplane brings to its airline customers. The 737-8's incredible versatility and unrivalled fuel-efficiency makes it a key asset for the leasing community in its drive to help airlines achieve sustainability and efficiency goals.”
Established in 2001, Dublin-based SMBC Aviation Capital is one of the world’s leading aircraft lessors and currently serves nearly 100 airline customers worldwide. The company has an owned and managed and committed portfolio of just under 900 aircraft and focuses on technologically advanced fuel-efficient narrowbody aircraft types. In 2012, SMBC was acquired by a consortium of two of Japan’s biggest companies, Sumitomo Mitsui Financial Group (SMFG) and Sumitomo Corporation.
Boeing (NYSE: BA) is the world’s largest aerospace company and leading supplier of commercial airplanes, defense, space and security systems, as well as global services. The aerospace giant tops the list of the largest U.S. exporters, providing a significant positive impact to America’s annual GDP. Boeing supports government and commercial customers in over 150 countries and employs more than 160,000 team members worldwide. As Boeing continues to deliver for customers, they are committed to their legacy of aerospace leadership in technology and innovation and living the company’s core values of safety, quality and integrity.
Source: Boeing/PRNewswire