Aircraft lessor SMBC Aviation Capital signed its first deal with new customer Scoot, the low-cost arm of Singapore Airlines. The transaction involves the placement of six new Airbus A321neo aircraft with Scoot, with the aircraft scheduled to be delivered from the end of 2020 through 2021. The aircraft will be powered by Pratt & Whitney’s PurePower PW1100G-JM engines.

Lee Lik Hsin, CEO of Scoot, said, “We look forward to receiving the A321neo aircraft from SMBC Aviation Capital; the aircraft will rejuvenate our fleet and enable us to meet our double-digit growth plan in the coming years.”

Peter Barrett, CEO of SMBC Aviation Capital, said, “We are very pleased to conclude this transaction with new customer Scoot as we further expand in this region. We look forward to working with Scoot on the delivery of these aircraft over the coming years and value the airline as one of our new customers.”

Scoot is the low-cost arm of the Singapore Airlines Group. Scoot took to the skies in June 2012 and merged with Tigerair Singapore in July 2017, retaining the Scoot brand. The airline has carried over 65 million guests and now has a fleet of 20 state of the art, widebody Boeing 787 Dreamliners and 28 young and modern Airbus A320 family aircraft, with two more Boeing 787 Dreamliners, 31 Airbus A320neo and 16 A321neo aircraft on order.

Based in the IFSC in Dublin Ireland, SMBC Aviation Capital has 83 airline customers in 37 countries. As of September 30, 2019, the company owns, manages and is committed to purchase 717 aircraft.