SMBC Aviation Capital reports half year results

SMBC Aviation Capital has reported a 7.5% rise in profit before tax of $168 million for the half year ended 30 September 2018 compared to the year-ago period.  Core lease revenue of $490million was up 3.5% compared to last year on slightly reduced average operating lease assets (-0.5%). The lessor’s reported operating margin was 42.2% compared to 41.5% a year ago. SMBC Aviation’s aircraft assets are now worth in excess of $11.2 billion, comprising 231 owned aircraft and pre-delivery payments. During the reporting period, 30.6% of the lessor’s portfolio was transitioned to new technology assets (H1 2017: 15%) with the