SMBC Aviation Capital half year results

SMBC Aviation Capital has reported revenue of $502.8 million for the first half of 2016, which is an increase of 19.2% compared to H1 2015. Profit before tax was up 29.6% to $142.9 million. The lessor owns aircraft assets in excess of $9.6 billion, comprising 273 owned and 180 managed aircraft. During the reporting period, SMBC Aviation Capital closed 48 transactions, delivered 14 new aircraft, including its first A320 NEO and three B787s. The lessor extended 10 leases with existing customers, and transitioned 13 aircraft to new lessees. Some 11 owned aircraft were sold during the period, which had an