PAS19: SMBC Aviation Capital signs for new engines to power A320neos

SMBC Aviation Capital has signed a series of deals with CFM International and Pratt & Whitney for new engines to power its Airbus A320neo aircraft.

SMBC Aviation Capital ordered 40 CFM International LEAP-1A engines to power 20 additional Airbus A320neo aircraft in an engine order valued at US$588 million at list price.

 

The lessor currently has a fleet of more than 350 aircraft powered by CFM56 and LEAP engines in service or on order.

Peter Barrett, CEO of SMBC Aviation Capital said, “Our customers are very satisfied with the LEAP-1A engines in their fleets. This engine is delivering everything CFM promise and has become a valuable asset.”

 

The lessor also announced it had selected Pratt & Whitney GTF engines to power an additional 20 A320neo family aircraft with options, bringing the leasing company’s total to 50 firm GTF-powered A320neo family aircraft.

SMBC Aviation Capital’s Barret commented: “We believe that Pratt & Whitney GTF powered A320neo will provide our customers with a highly efficient and effective solution for their requirements.”

“We value SMBC Aviation Capital’s continued confidence in the GTF engine with this additional order,” commented Rick Deurloo, chief customer officer and senior vice president, Customers at Pratt & Whitney, “We are honoured to supply SMBC Aviation Capital and its airline customers with the advantages of the GTF engine.”

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