Aircraft leasing company SMBC Aviation Capital signed its first 2019 sale and lease back deal with Mexican low-cost carrier, Viva Aerobus. The deal will also provide a pre delivery payment facility for the aircraft.

The transaction includes seven Airbus A320 neo aircraft powered by Pratt & Whitney engines. The aircraft are scheduled for delivery this year.

Juan Carlos Zuazua, CEO of Viva Aerobus, said, “We are delighted to build on our relationship with SMBC Aviation Capital and successfully mark the financing of seven new A320 neos. These aircraft will greatly enhance our fleet and help us to deliver our vision of strengthening our network for our passengers. 2018 was an incredible year, having transported more than 10 million passengers for the first time in our history, so we are very excited about the coming opportunities for our business.”

SMBC CEO Peter Barrett added, “We are pleased to announce our first sale and leaseback deal of 2019. This deal with Viva Aerobus supports a long standing customer in a key region for us. Mexico is an exciting, fast-growing market that is seeing increased demand for high-quality aircraft that offer the latest technology. We look forward to continuing our long partnership with Viva Aerobus.”

The deal follows on from SMBC Aviation Capital’s announcement earlier this week of an order for 65 new A320neo family aircraft from Airbus.