Airbus Secures Major A320neo Order From SMBC Aviation Capital, Strengthening Long-term Strategic Partnership

Airbus SE EADSY said leading aircraft lessor SMBC Aviation Capital has ordered a further 60 A320neo Family aircraft, taking its total for the type to nearly 340 aircraft purchased directly from the aircraft behemoth.

"SMBC Aviation Capital's latest decision to reinvest for the long term in the A320neo Family shows a great confidence and commitment to what is, and is continuing to be, the most successful aircraft programme ever," said Christian Scherer, Chief Commercial Officer and Head of Airbus International. 

With its existing orders for the A320neo Family, this new one ensures SMBC will have a continuous delivery stream beyond the end of the decade, deepening the long-standing strategic partnership.

Also Read: Airbus Hits Jackpot: Hong Kong-based Cathay Pacific's $4.66B Splurge On A320neo Jets

The A320neo Family incorporates the latest technologies, including new generation engines, Sharklets, and cabin efficiency enablers, which together deliver 20% fuel savings by 2020.

"With sustainability and operational efficiency remaining key priorities for our customers, we anticipate even greater demand for aircraft such as the A320neo and the A321neo in the years ahead," said Peter Barrett, CEO of SMBC Aviation Capital.

Airbus recently inked a pact with Ethiopian Airlines Group as the Ethiopian flagship carrier plans to add 11 additional Airbus A350-900s to its existing fleet.

Read Next: Boeing's 737 MAX Lands 25-Jet Deal With SMBC Aviation

Price Action: EADSY shares closed higher by 1.03% to $36.38 on Monday.

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