SMBC Signs Lease Agreement with Arajet

SMBC Aviation Capital has announced the Sale and Leaseback of five Boeing 737 MAX 8 aircraft with Arajet, scheduled to deliver in 2026 and 2027. This pivotal milestone underscores the commitment to supporting Arajet’s growth and expansion plans while reinforcing our position as a leading player in the global aviation leasing market.

Arajet is based at Santa Domingo in the Dominican Republic and currently operates a fleet of ten Boeing 737 MAX aircraft to 24 destinations across the America’s, from Toronto in the North to Buenos Aires in the south. The airline was founded in 2021 and commenced operations in September 2022

Commenting on the announcement, the Head of Airline Marketing at SMBC Aviation Capital, Conor Stafford said, “We are happy to partner with Arajet on this significant deal and welcome them as a new customer of SMBC Aviation Capital. This deal marks the start of our collaboration, and we are confident that these aircraft will greatly contribute to Arajet’s success. This milestone reflects our dedication to providing tailored leasing solutions that meet the evolving needs of our clients.”

Also commenting was the CEO of Arajet, Víctor Pacheco Méndez who said: “We are thrilled to continue our partnership with SMBC Aviation Capital as we expand our fleet with the addition of these state-of-the-art Boeing 737 MAX 8 aircraft. This agreement supports our mission to provide safe, efficient, comfortable, and affordable travel options across the Americas. The trust and collaboration shown by SMBC Aviation Capital reflects the strength of Arajet’s business model and our shared commitment to innovation and sustainable growth in the aviation sector.”

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