SMBC agrees $3.7 billion deal for 25 Boeing 737 MAX jets

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Global leasing giant SMBC Aviation Capital said on Tuesday it had concluded an order for 25 Boeing 737 MAX aircraft in a deal worth more than $3.7 billion at current list prices that would support its growth plans and meet customer demand. SMBC, the world's second largest aircraft leasing firm, said the new planes are scheduled for delivery in 2028 and 2029 and will increase its orders of Boeing's more fuel-efficient MAX jets to 81 aircraft. 'Our customers have demonstrated clear long-term demand for the 737 MAX and our expanded order pipeline positions SMBC Aviation Capital for future growth against the background of a strong global recovery in air travel,' SMBC CEO Peter Barrett said in a statement.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingThese are the major players among Canadian airlines in an increasingly crowded market

Air Canada has been the dominant player since it acquired rival Canadian Airlines in 2001, and now accounts for nearly half of the country's domestic air travel market, flying by far the most planes internationally as well. WestJet, founded as a regional upstart in Calgary in 1996, has grown to serve nearly a third of the domestic market. It completed its purchase of Sunwing earlier this year but is facing a growing raft of rivals out of its home base in Alberta.

 

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