SMBC Aviation Capital
SMBC Aviation Capital, formerly RBS Aviation Capital, is the world's third largest aircraft leasing company.[1] In 2012, it was acquired by a consortium of leading Japanese institutions, Sumitomo Mitsui Banking Corporation (SMBC), Sumitomo Mitsui Finance and Leasing Company Limited (SMFL) and Sumitomo Corporation. Headquartered in Dublin and at locations in Amsterdam, Beijing, Hong Kong, New York, Seattle, Miami, Shanghai, Singapore, Tokyo and Toulouse, the company employs 160 people.
History
The company was founded in 2001 and became RBS Aviation Capital in 2004. By 2005, the company had taken delivery of its 200th aircraft and began to build its global presence with new locations in Toulouse and Seattle, with expansion into South East Asia in 2007. In 2009, the company completed its first export financing deal and also located a representative in Beijing. In 2012, the company was acquired by a consortium of leading Japanese institutions, Sumitomo Mitsui Banking Corporation (SMBC), Sumitomo Mitsui Finance and Leasing Company Limited (SMFL) and Sumitomo Corporation for $7.3 billion which was the largest ever global sale of an aircraft leasing business.[2] The sale completed on 1 June 2012 and the business was renamed SMBC Aviation Capital.[3]
In 2014, the company placed orders for new aircraft with Boeing and Airbus, comprising 110 A320neo aircraft and five A321ceo aircraft from Airbus, for delivery between 2017 and 2022, and 80 B737 MAX 8 aircraft from Boeing, for delivery between 2018 and 2022. The deal was valued at more than $8.5 billion.[4]
References
- ↑ "RBS business in $7.6bn jet order". BBC News. 22 July 2010. Retrieved 22 July 2010.
- ↑ http://www.rbs.com/media/news/press-releases/2011-press-releases/2012-01-17-aviation.ashx
- ↑ Newenham, Pamela (2 June 2012). "RBS in €7.3bn sale of Dublin-based aircraft business". The Irish Times.
- ↑ "Japanese lessor SMBC Aviation Capital buys 80 Boeing 737 Max planes" (Press release). Reuters. 10 November 2014.