Subscribe Free
in Technology

Gulf Air completes sale and leaseback of six Airbus A320neo aircraft with SMBC Aviation Capital

Posted 19 November 2018 · Add Comment

Gulf Air and SMBC Aviation Capital, an aircraft leasing company, have announced a six-aircraft agreement for the purchase and leaseback of six Airbus A320neo aircraft. This is SMBC Aviation Capital’s first deal with Gulf Air and follows a competitive tender process.

 

Delivery of Gulf Air’s Airbus A320neo aircraft commenced from August 2018. The airline currently serves all its destinations with a combination wide and narrow body fleet and has orders for 39 new Boeing and Airbus aircraft with delivery having commenced in early 2018. Gulf Air’s incoming fleet will see by end-2018 the arrival of 5 Boeing 787-9 Dreamliners in addition to 1 Airbus A320neo aircraft. Alongside this, in 2018 the airline continued to enhance its product and service offering, launched six new destinations and expanded its network to serve 47 cities in 26 countries. 

Gulf Air chief executive officer, Krešimir Kučko said, “We are delighted to begin a new relationship with SMBC Aviation Capital and successfully mark the financing of our six new A320neos as we diversify our financing relationship to support aircraft acquisition. These aircraft will allow us to greatly enhance our fleet, enabling us to deliver operational efficiency and an upgraded customer experience. The upcoming deliveries of our 6 new Airbus A320neo will support the airline’s network expansion plans while affording us flexibility in our fleet planning – allowing us to transport Gulf Air passengers more seamlessly across the Gulf Air network.”

Peter Barrett, CEO, SMBC Aviation Capital added:“We are very pleased to partner with Gulf Air to assist with the airline’s ambitious fleet expansion plans.  The A320neo incorporates the latest in aviation technology to provide our airline customers with a more modern, fuel efficient aircraft.  As a new customer and our first entry into the Kingdom of Bahrain, we look forward to working alongside Gulf Air for the coming years.”

* required field

Post a comment

Other Stories
Latest News

Emirates introduces A380 on Riyadh route

Emirates is introducing the first scheduled Airbus A380 service to Riyadh, effective 21 April 2019. Riyadh will be the 51st destination to join the Emirates A380 network.

Rolls-Royce Tay 611-8 engine achieves 10 million flying hours

The Rolls-Royce Tay 611-8 engine, which entered service in 1987, recently reached 10 million flying hours in nearly five million flights.

Airbus will participate at Turkey’s IDEF 2019

Airbus will attend Turkey’s IDEF 2019, 14th International Defence Industry Fair, held in Istanbul from April 30 to May 3.

Export Bahrain partners with Gulf Air Cargo to offer special discounts on cargo exports

Export Bahrain has signed an exclusive partnership with Gulf Air’s Falcon Cargo to provide SMEs in the Kingdom of Bahrain, exporting their goods to the tune of 100 kilograms or above, with special discount of up to 40% on their cargo

Could Al Ain be the UAE’s sleeping superstar?

Al Ain International Airport is poised for growth – cargo is already expanding and the search is on for more passenger traffic, as Alan Dron discovered.

EgyptAir takes delivery of second B787-9 Dreamliner

EgyptAir’s second B787-9 Dreamliner has arrived today at Cairo International Airport. The aircraft is slated to operate flights from Cairo to Frankfurt by April 22nd.

Connect MEIA SK1402010519
See us at
Connect MEIA BT1402010519ACCA19_BT2141218280219