SMBC Aviation Capital, a prominent aircraft leasing company, has reported robust results for the six-month period ending September 30, 2024.
The company achieved a profit before tax of US$275 million, marking a 16% increase compared to the same period last year. Over the six months, SMBC Aviation Capital took delivery of aircraft worth US$1.7 billion, expanding its owned fleet to 516 aircraft as of September 30.
In leasing activity, the company signed US$3.2 billion in long-term agreements, including over US$1.1 billion in new lease deals with customers across Asia. In addition, SMBC secured contracts with two major North American operators for a total of 35 Airbus A321neo aircraft.
On the trading front, the company completed US$411 million in asset sales, predominantly involving mid-life aircraft, with an additional US$1.1 billion in sales expected in the coming months. Reflecting a focus on modernisation, new-technology aircraft now account for 70% of SMBC Aviation Capital’s portfolio.
To support its growth ambitions, the company raised US$3 billion in third-party financing since April 1. This includes US$1.9 billion in drawn funding and an additional US$1.1 billion in revolving credit facility (RCF) capacity, ensuring a strong financial foundation for continued expansion.
These results highlight SMBC Aviation Capital’s ability to capitalise on attractive leasing, re-leasing and trading opportunities, securing long-term economic benefits that will underpin its profitability for years to come.
