SMBC Aviation Capital orders further 25 Boeing 737 MAX jets

Render of Boeing 737 MAX in SMBC Aviation Capital livery.
Image Credit: Boeing

Aircraft manufacturer Boeing and SMBC Aviation Capital announced today the airplane lessor is ordering an additional 25 Boeing 737-8 aircraft. The new order increases SMBC’s backlog to 81 737 MAX jets, focused on the market-leading 737-8.

With the resurgence of travel demand worldwide, aircraft leasing companies are faced with a pressing need to bolster their fleets. Airlines are now more than ever seeking fuel-efficient, eco-friendly options capable of serving diverse route networks.

This demand has set the stage for SMBC Aviation Capital to increase its order numbers with the US manufacturer.

The renewed order also underscores the enduring partnership between SMBC Aviation Capital and Boeing, reflecting their shared commitment to innovation and sustainability.

Peter Barrett, the CEO of SMBC Aviation Capital, affirmed the collaboration, saying, “We are pleased to conclude this further order with our long-standing partner Boeing and we look forward to working closely with them in the future.”

“This transaction demonstrates our commitment to provide our customers with the latest-technology, most fuel-efficient aircraft, as they seek to meet their own sustainability objectives and reduce operating costs.”


Supporting a Sustainable Future

The decision to acquire the 737-8 aircraft is not only a strategic one but also an environmentally responsible choice. These state-of-the-art planes offer a remarkable reduction in fuel consumption and emissions—up to 20% on average.

In an era where sustainability is a top priority, each of these airplanes is set to save up to 8 million pounds of CO2 emissions annually compared to their predecessors.

Boeing’s continued success in securing orders for its 737 MAX family of aircraft in 2023 further emphasizes the appeal of their offerings.

The aviation industry’s recognition of the 737-8’s capabilities, versatility, and unmatched fuel efficiency is evident in the growing demand.

Stan Deal, President, and CEO of Boeing Commercial Airplanes, commented, “As one of the industry’s leading airplane lessors, SMBC’s decision to increase its 737 MAX backlog with an order for 25 737-8s shows its confidence in the value the airplane brings to its airline customers.”

“The 737-8’s incredible versatility and unrivaled fuel-efficiency make it a key asset for the leasing community in its drive to help airlines achieve sustainability and efficiency goals.”

The 737 MAX : A Game-Changer

The Boeing 737 MAX 8 is a game-changer in every sense. It boasts a seating capacity ranging from 162 to 210 passengers, depending on the configuration. With a remarkable range of 3,500 nautical miles, it operates profitably on both short- and medium-haul routes.

This flexibility is a boon for airlines looking to optimize their networks and meet the evolving demands of passengers.

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By Len Varley - Assistant Editor 3 Min Read
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