On April 18, 2018, SMBC Aviation Capital and Genesis Aircraft Services, announced the conclusion of the sale of an eight narrow body aircraft portfolio to Genesis.

The portfolio is made up of four aircraft from SMBC Aviation Capital’s owned fleet, and four from its managed fleet, comprising of narrow body Airbus and Boeing aircraft on lease to 6 airlines.

Michael Weiss, Head of Aircraft Trading at SMBC commented, “We are very pleased to have concluded this deal with Genesis, a long standing customer.  This transaction demonstrates our ability to manage deals of scale across our managed and owned fleet.”

Cian Mackey, Chief Operating & Financial Officer at Genesis commented, “We are delighted to add these aircraft to our portfolio which is in line with our stated objective which is to expand our aviation platform to create a best-in-class leasing company”.