SMBC Aviation Capital reports FY results

SMBC Aviation Capital has reported profit before tax of $319.4 million for the full year to the end of March 2018, an increase of 2.2% compared to the prior-year. Core lease revenue increased by 1.1% to $934 million compared to 2017 with overall income from continuing operations steady at $1.033 billion for the year. SMBC Aviation’s aircraft related assets now stand at $10.3 billion. During the reporting period, the aircraft lessor sold 50 aircraft from its owned portfolio, including the sale of a 19 aircraft portfolio to Aircastle, with 22 aircraft also sold from its managed portfolio. In FY2018, SMBC