SMBC Aviation Capital has announced that it has concluded a sale and leaseback agreement for six A320neo aircraft with UK LCC EasyJet.
The agreement with EasyJet consists of the sale and leaseback of six A320neo aircraft which vary in age from six months to two years of age. Agreements for three of these aircraft were concluded in early June, with the remaining three aircraft contracted this week.
Peter Barrett, Chief Executive Officer, SMBC Aviation Capital said, “We are delighted to sign this sale and leaseback agreement with easyJet building on our long-term partnership with the airline. This transaction highlights how SMBC Aviation Capital can effectively leverage its strong capital position and industry leading credit rating to offer flexible long-term financing solutions to its customers facing the most challenging of circumstances.”