SMBC Aviation Capital Orders 14 Boeing 737 MAX 8May 27, 2021
Riding on the firm’s celebrating its twentieth consecutive year of profitability, SMBC Aviation Capital announced it was ordering 14 Boeing 737 MAX 8 from manufacturer Boeing. During the announcement made on May 25th, CEO Peter Barrett indicated the aircraft were to be configured for low-cost carrier operation.
The signing of the agreement with Boeing solidified the MAX series return to service as a reliable, highly fuel efficient, low carbon emission narrow body airliner for the years to come.
For SMBC Aviation Capital, the latest fourteen 737 MAX jet order comes on top of another 107 already on its portfolio. Solidifying a trend for the type this year, SMBC Aviation Capital had during the first quarter delivered thirteen MAX aircraft to operators with eleven MAX going to Southwest Airlines and three to TUI. Having ended its full 2020 year on March 31st with a profit of $15.2 million along with $ 4.9 billion in reserve liquidity, SMBC Aviation Capital may appear well positioned to strongly rebound from the worst year in commercial aviation history.
For Boeing, the 737 MAX is at last pumping fresh blood into the company’s core manufacturing activities with more than 250 orders already achieved this year.