Agreements

Swoop receives solo Boeing 737-8 MAX from SMBC Aviation Capital

Swoop receives solo Boeing 737-8 MAX from SMBC Aviation Capital.
The delivered 737-8 MAX is equipped with two (2) CFM LEAP-1B27 engines.

This is the third Boeing 737-8MAX of six aircraft delivered to Swoop during the summer of 2022.

SMBC Aviation Capital recently made an announcement to have delivered a single Boeing 737-8 MAX aircraft (MSN 42840) to Canadian ultra-low-cost carrier, Swoop. The delivered 737-8 MAX is equipped with two (2) CFM LEAP-1B27 engines. Swoop Airlines is a wholly-owned subsidiary of WestJet.

SMBC Aviation Capital is one of the world’s largest aircraft leasing companies. It is owned by a consortium of leading Japanese institutions: Sumitomo Mitsui Banking Corporation (SMBC), Sumitomo Mitsui Finance and Leasing Company Limited (SMFL) and Sumitomo Corporation. SMBC Aviation Capital is headquartered in the International Financial Services Centre in Dublin.

SMBC Aviation Capital currently has a portfolio of 453 aircraft (273 owned and 180 managed) with a further 203 aircraft on order from Airbus and Boeing, made up of a mix of A320neos, A320-200s, B737-800s and B737 MAXs. It has more than 150 airline customers in over 50 countries worldwide, including a range of traditional carriers alongside start-up airlines.

The first variant developed in the 737 MAX series, the MAX 8 replaces the 737-800 with a longer fuselage than the MAX 7. In 2016, Boeing planned to improve its range from 3,515 nautical miles (6,510 km) to 3,610 nmi (6,690 km) after 2021. On July 23, 2013, Boeing completed the firm configuration for the 737 MAX 8. The MAX 8 has a lower empty weight and higher maximum takeoff weight than the A320neo.

Read more storiesTrueNoord leases Embraer E190 to Cobham Regional Services

The Boeing 737 MAX 8 completed its first flight test in La Paz, Bolivia. The 13,300-foot altitude at El Alto International Airport tested the MAX’s capability to take off and land at high altitudes. Its first commercial flight was operated by Malindo Air on May 22, 2017, between Kuala Lumpur and Singapore as Flight OD803. In early 2017, a new -8 was valued at $52.85 million, rising to below $54.5 million by mid-2018.