SMBC Aviation Capital signed its most significant single deal to date in India with Jet Airways on February 20. The transaction involves the sale and leaseback of 13 Boeing 737 MAX 8 aircraft with the first aircraft set to deliver in August 2018. The new aircraft will be powered by CFM International LEAP-1B engines. SMBC Aviation Capital has worked with Jet Airways since 2004 and is currently leasing three B737-800 aircraft to the airline which were delivered in recent months. The new deal follows a competitive tender process. Speaking on the conclusion of the transaction Peter Barrett, CEO, SMBC Aviation

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