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Japanese leasing company orders 115 Airbus jets for $14.5 billion: Firm

Published on Jul 15, 2014 6:02 PM
 
The Airbus logo is displayed on the company's stand at the Farnborough air show in Farnborough, Hampshire on July 14, 2014. SMBC Aviation Capital, the Japanese aircraft leasing company, has signed an order for 115 single-aisle A-320 Airbus planes costing US$11.7 billion (S$14.5 billion) at list prices, it said on Tuesday, July 15, 2014. -- PHOTO: AFP

FARNBOROUGH, United Kingdom (AFP) - SMBC Aviation Capital, the Japanese aircraft leasing company, has signed an order for 115 single-aisle A-320 Airbus planes costing US$11.7 billion (S$14.5 billion) at list prices, it said on Tuesday.

"This new order is the industry's largest ever single firm order by a worldwide leasing company for single-aisle aircraft," SMBC said in an announcement made at the Farnborough airshow near London. SMBC will take 110 A-320neo planes and five A-320ceo.

"This is a landmark order for SMBC Aviation Capital and indeed for the wider aircraft leasing industry, and I am delighted to be continuing the close and long-standing relationship that our business enjoys with Airbus," said SMBC chief executive Peter Barrett.

"The A320 family has played a crucial role in SMBC Aviation Capital's success to date, and this order should be taken as a clear sign both of our commitment to the new generation of single-aisle aircraft as well as our ambitious plans to grow our business," he added.

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