COVID-19 ‘Market Dislocation’ Causes SMBC Profits To Plummet 

SMBC has secured sale-and-leasebacks deals with more airlines following the pandemic outbreak including Turkish Airlines.
Credit: SMBC Aviation Capital
Aircraft lessor SMBC Aviation Capital’s interim pre-tax profit for the first half (H1) has fallen to $17.3 million—less than a tenth of the $200 million profit the company posted for H1 2019. SMBC said the decline was driven by airlines restructuring leases and entering Chapter 11 proceedings. “We...
Victoria Moores

Victoria Moores joined Air Transport World as our London-based European Editor/Bureau Chief on 18 June 2012. Victoria has nearly 20 years’ aviation industry experience, spanning airline ground operations, analytical, journalism and communications roles.

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COVID-19 ‘Market Dislocation’ Causes SMBC Profits To Plummet  is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

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