20-Nov-2020 12:48 PM

SMBC Aviation Capital to focus on sale and leaseback for near term growth

SMBC Aviation Capital reported (18-Nov-2020) near term asset growth will be heavily weighted towards sale and leaseback transactions. For the six months ended 30-Sep-2020, the lessor completed USD1.1 billion in sale and leaseback transactions relating to 22 aircraft with eight airline customers. SMBC has a "strong pipeline of additional opportunities" with another 19 aircraft equating to USD1 billion under letters of intent, with expectation of further opportunities as leading airlines seek to monetise assets and raise liquidity. [more - original PR]

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