Dublin - SMBC Aviation Capital, one of the largest aircraft lessors in the industry, announced a firm order for an additional 65 Airbus A320neo. With this new purchase, the order book of the company reached 181 A32neo family aircraft in total.

The new order consists of 50 A320neo and the 15 A321neo. The deal was finalized in 2018, therefore, will be included in the 2018 balance sheet of the European manufacturer.

In addition, the lessor converted 15 A320neo from a previous order to the A321neo, the largest variant of the A320neo family. Thus, the order book of the SMBC Aviation Capital has now 151 A320neo and 30 A321neo.

With its lower seat-mile cost and extended flight range, the A321neo enables airlines to add new long-haul routes to their networks that were not likely with a single-aisle aircraft before.

Demand for the latest technology aircraft has been strong both from our existing and new customers hence our decision today to proceed with this order. In the current environment, airlines are seeking more fuel-efficient aircraft. The make-up of our order book positions us very well for the future to deliver on those needs. We have a strong relationship with Airbus and we look forward to working with them to continue to deliver for our customers long into the future,

said Peter Barrett, CEO of the SMBC Aviation Capital.

As one of the world’s leading aircraft lessors, SMBC Aviation Capital’s repeat order demonstrates its financial astuteness in making wise investments in the A320neo Family. In 2018, the direct leasing market represented over 30 percent of our 800 worldwide deliveries – as much as Europe and the Americas combined,

said Christian Scherer, Chief Commercial Officer at Airbus.

The re-engineered jets of the European aircraft manufacturer combine the latest technologies including new generation engines, and aerodynamic improvements such as enhanced winglets, which together decrease the fuel consumption by 20 percent.

Airbus's A320neo family has so far accumulated more than 6,500 orders from over 100 customers around the world since its launch in 2010.