The WestJet Group has announced the acquisition of three more Boeing 737 MAX 8 aircraft from SMBC Aviation Capital. This addition comes on top of the six new Boeing 737 MAX 8 aircraft announced earlier this summer. Mike Scott, Executive Vice-President and Chief Financial Officer of WestJet Group, expressed enthusiasm about the fleet expansion, highlighting […]
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Aircraft leasing company SMBC Aviation Capital, has posted its results for the financial year ended March 31, 2024. The company reported a record profit before tax of US$460 million, marking a 35% increase year-on-year, before exceptional items. Including insurance settlement proceeds of US$756 million, the profit before tax rose to US$1.2 billion. Lease revenue grew
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Global investment group CDPQ and SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, have officially completed an agreement to establish a US$1.5 billion global aircraft financing and leasing platform dedicated to modern, fuel-efficient NextGen aircraft. The platform will target worldwide opportunities in new-technology aircraft, with an initial deployment of US$500 million per
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