Ruili Airlines and SMBC Aviation Capital sign letter of intent for the placement of two aircraft

SMBC Aviation Capital and Chinese airline, Ruili Airlines, have signed a letter of intent (LOI) for the placement of two Boeing 737 MAX 8 aircraft. This is the first commitment that Ruili Airlines has negotiated with an aircraft leasing company outside of China. The announcement was made at an event in Ruili City, China to celebrate the airline’s four-year anniversary. The transaction will add a new customer to SMBC Aviation Capital’s portfolio. It also further strengthens SMBC Aviation Capital’s presence in the Chinese market and involves the placement of the two aircraft direct from its order book with the first