SMBC Aviation Capital has signed a new lease agreement with AJet, the fully owned low-cost subsidiary of Turkish Airlines, for five Airbus A320neo aircraft. This latest deal further strengthens the leasing company’s long-standing relationship with Turkish Airlines, bringing the total number of aircraft placed with the group since 2022 to 25.
The five A320neo aircraft, known for their modern design and enhanced fuel efficiency, are scheduled for delivery between the fourth quarter of 2025 and the second quarter of 2026. Once delivered, they will be operated exclusively by AJet as part of the carrier’s strategy to grow its fleet and improve operational efficiency.
Barry Flannery, Chief Commercial Officer of SMBC Aviation Capital, highlighted the strategic importance of the transaction, describing it as a continuation of the company’s strong partnership with Turkish Airlines. He emphasised that the aircraft will enhance AJet’s operational performance while supporting broader industry goals towards more sustainable aviation. Flannery also expressed confidence in further collaborations with Turkish Airlines in the years to come.
Turkish Airlines’ Chief Financial Officer and Board Member, Assoc. Prof. Murat Şeker, expressed enthusiasm about the deal, noting that the A320neo aircraft will significantly enhance AJet’s ability to operate efficiently while aligning with the airline’s sustainability objectives. He reaffirmed AJet’s commitment to making air travel more accessible and affordable, positioning the airline to meet growing demand in the low-cost sector.
This agreement represents another step in AJet’s ongoing expansion, with SMBC Aviation Capital playing a central role in supporting the airline’s fleet development and long-term growth ambitions.
