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Dublin firm's €6.8bn plane deal

Dublin-based SMBC Aviation Capital has placed an order for 80 Boeing aircraft in a deal worth $8.5bn (€6.8bn).

The company said the deal was the largest order of 737 Max-type aircraft by a lessor and the largest Boeing order of any kind from a Japanese-owned lessor.

The aircraft will be delivered between 2018 and 2022.

SMBC chief executive Peter Barrett said the company, which employs over 100 people in Dublin, expects a lot of demand over the next decade for such aircraft, with demand over the last three to four years greatest from Asia.

A 737 Max aircraft will cost between $50-70m, depending on specification.

It would be leased for about $450,000-$500,000 per month.

Herald