Santiago - Chilean low-cost carrier JetSMART Airlines signed an agreement with SMBC Aviation Capital for five A320neo. The leasing agreement is the first deal of SMBC Aviation Capital with the South American carrier.

JetSMART will receive the Airbus' re-engineered single-aisles from SMBC Aviation Capital’s order book. The airline expects to take delivery of all five devices throughout 2019. Powered by Pratt & Whitney's Geared Turbofans, the new A320neos will be deployed both on domestic and regional routes.

Our ambition is to become a leading player in the South American ultra-low-cost airline industry. We are making a considerable investment in our fleet, and the addition of these five aircraft are part of a journey to realize our ambition of reaching 100 aircraft and 100 million passengers by 2026,
said Estuardo Ortiz, the CEO of JetSMART.

We are delighted to conclude this deal with JetSMART, one of South America’s newest airlines and a new customer for SMBC Aviation Capital. This announcement also underlines our expanding footprint, not just in the Chilean market but right across the region. It is an exciting time for JetSMART, and we are happy that we can support them at this crucial growth stage,
added Peter Barrett, the CEO of SMBC Aviation Capital.

JetSmart is an ultra-low-cost operator owned by US investment fund Indigo Partners, which also controls the US Frontier Airlines, Mexican Volaris, and Hungarian Wizz Air.

The budget carrier currently operates five A320-200 (six on order). Apart from this agreement, JetSMART also has 56 A320neo and 14 A321neo in its order book.