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Aircraft Orders & Deliveries

SMBC Aviation Capital Delivers Boeing 737-9 to United Airlines

SMBC Aviation Capital delivers the 10th Boeing 737-9 to United Airlines under a 20-aircraft sale-and-leaseback deal supporting fleet modernization.

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This article is based on an official press release from SMBC Aviation Capital and verified industry data regarding United Airlines fleet operations.

SMBC Aviation Capital Delivers Boeing 737-9 to United Airlines Amidst Major Fleet Expansion

On February 13, 2026, Dublin-based lessor SMBC Aviation Capital successfully delivered a Boeing 737-9 (MAX 9) aircraft to United Airlines. This delivery marks a significant milestone in the ongoing partnership between the two aviation giants, serving as the 10th aircraft delivered under a 20-aircraft sale-and-leaseback agreement finalized in late 2025.

The transaction underscores the continued reliance of major carriers on sale-and-leaseback (SLB) financing to modernize fleets while maintaining liquidity. For United Airlines, the arrival of this aircraft supports its ambitious “United Next” strategy, which aims to overhaul the carrier’s domestic product with larger, more fuel-efficient narrow-body jets.

Transaction Details and Partnership

According to the official announcement from SMBC Aviation Capital, the aircraft (MSN 67747) is equipped with two CFM International LEAP-1B27 engines. The delivery is part of a broader financing deal signed in December 2025, which covers a total of 20 Boeing 737-9 aircraft. Under this sale-and-leaseback structure, United Airlines sold the aircraft to SMBC Aviation Capital upon delivery from Boeing and immediately leased it back for operation.

This delivery reinforces a deepening relationship between the lessor and the airline. Previous collaborations include leases for 20 Airbus A321neo aircraft and a separate SLB transaction covering 20 Boeing 737 MAX 8s.

Asset Profile: The Boeing 737-9

The Boeing 737-9 is a central component of United’s domestic fleet modernization. The aircraft offers significant improvements in fuel efficiency and carbon emissions, approximately 15% to 20% better than the previous generation of aircraft it replaces.

“United Next” Configuration

United Airlines has configured this aircraft to align with its “United Next” interior standards, designed to elevate the passenger experience on domestic routes. Based on corporate fleet specifications, the aircraft features a total capacity of 179 passengers.

“The interior features include 13-inch monitors in First Class and 10-inch monitors in Economy at every seat, high-speed Wi-Fi, Bluetooth connectivity, and larger overhead bins designed to accommodate one carry-on bag per passenger.”

, United Airlines Corporate Information

The cabin layout includes:

  • United First®: 20 seats in a 2-2 configuration.
  • Economy Plus®: 45–48 seats offering extra legroom.
  • United Economy®: 111–114 seats.

Strategic Context: SMBC Aviation Capital

This delivery occurs during a transformative period for SMBC Aviation Capital. As of early 2026, the company ranks as the second-largest aircraft lessor globally by fleet count, managing a portfolio of approximately 995 owned, managed, and committed aircraft. The lessor maintains a strategic focus on liquid, new-technology narrow-body aircraft such as the A320neo and 737 MAX families.

Pending Acquisition of Air Lease Corporation

The market context for this delivery is shaped by SMBC Aviation Capital’s aggressive expansion. In September 2025, a consortium led by the lessor agreed to acquire Air Lease Corporation (ALC) for an enterprise value of $28.2 billion. This landmark deal is expected to close in the first half of 2026. Upon completion, the combined entity is projected to operate under the brand “Sumisho Air Lease,” significantly expanding its footprint in the wide-body market and challenging competitors for global market share.

AirPro News Analysis

The Rise of the Mega-Lessor and SLB Financing

The delivery of MSN 67747 highlights two critical trends in the 2026 aviation market. First, the prevalence of Sale-and-Leaseback (SLB) transactions indicates that despite stabilizing markets, airlines continue to prioritize cash liquidity over asset ownership. With interest rates remaining a factor in 2025 and 2026, SLBs allow carriers like United to onboard new technology without the heavy capital expenditure associated with direct purchasing.

Second, the consolidation of the leasing sector, exemplified by the SMBC-ALC merger, suggests a shift toward “mega-lessors.” These entities possess the capital depth to support massive order books and provide critical delivery slots during periods of supply chain constraint. As Boeing and Airbus navigate production delays, lessors with secured positions, such as SMBC, become indispensable partners for airlines racing to meet travel demand.

Frequently Asked Questions

What is a Sale-and-Leaseback (SLB) transaction?
An SLB is a financial transaction where an airline sells an aircraft to a lessor (like SMBC) and immediately leases it back. This allows the airline to use the aircraft without tying up capital in ownership, while the lessor gains a revenue-generating asset.

How many aircraft are involved in this specific deal?
This delivery is the 10th aircraft of a 20-aircraft agreement for Boeing 737-9s signed between United Airlines and SMBC Aviation Capital in December 2025.

What is the “United Next” strategy?
“United Next” is United Airlines’ fleet modernization plan, which involves replacing older regional and mainline jets with newer, larger aircraft featuring upgraded interiors, seatback screens for all passengers, and larger overhead bins.

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Photo Credit: SMBC

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Aircraft Orders & Deliveries

Boeing 777-9 Receives FAA TIA Phase 4B Clearance

The FAA granted Boeing 777-9 Type Inspection Authorization Phase 4B, enabling direct agency participation in final flight testing.

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This article summarizes reporting by Aviation Week by Karen Walker.

The Boeing 777-9 has secured Type Inspection Authorization Phase 4B from the Federal Aviation Administration, clearing the way for agency personnel to directly participate in the aircraft’s final flight testing. Boeing Commercial Airplanes President and CEO Stephanie Pope announced the regulatory milestone on June 6, 2026, during the International Air Transport Association Annual General Meeting in Rio de Janeiro, Brazil.

According to Aviation Week, the approval marks a critical transition for the delayed widebody program. The Phase 4B authorization permits the Federal Aviation Administration (FAA) to evaluate the aircraft’s avionics, human factors, and stability and control systems in flight, shifting the focus from component-level validation to integrated operational assessments.

Advancing through the certification phases

The Type Inspection Authorization (TIA) process consists of five distinct phases. Pope noted that the previous Phase 4A was a smaller step, while Phase 4B represents one of the most substantial remaining hurdles before final certification.

“This authorization unlocks the largest remaining portion of our flight tests with the FAA that we can now go execute,”

Pope stated, as reported by Aviation Week. She added that the testing will now heavily focus on avionics and non-normal operations, allowing the manufacturer to validate checklists and system redundancies alongside regulators.

Timeline discrepancies and delivery targets

The manufacturer and the regulator have offered slightly different timelines for the final certification of the Boeing 777-9. During her June 6 remarks, Pope indicated that Boeing is focused on completing flight tests and achieving certification by the end of 2026.

However, FAA Administrator Bryan Bedford provided a different estimate during the CAPA Americas Airline Leader Summit in late May 2026. Bedford stated that the agency expects to certify the Boeing 737 MAX 7 and Boeing 737 MAX 10 by the end of 2026, with the 777X program following in early 2027. Initial commercial deliveries of the 777-9 are currently projected for early 2027.

AirPro News analysis

The transition to TIA Phase 4B is a definitive signal that the FAA is satisfied with Boeing’s preliminary data and is ready to commit agency resources to in-flight validation. For a program that has faced years of delays, reaching this stage indicates that the aircraft’s core systems are stable enough for direct regulatory scrutiny.

We note that the slight divergence in certification timelines between Boeing and the FAA is standard for this phase of a major aircraft program. The FAA’s projection of early 2027 aligns with the agency’s current rigorous oversight posture, prioritizing thoroughness over manufacturer targets. Even if certification slips into 2027, the early 2027 delivery target remains plausible provided no major anomalies are discovered during the Phase 4B flight tests.

Sources: Aviation Week

Photo Credit: Boeing

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Aircraft Orders & Deliveries

Airbus Nears Widebody Order With Scandinavian Airlines SAS

Airbus is finalizing a deal to supply SAS with 15-20 A330neo and A350 jets for delivery in the early 2030s.

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This article summarizes reporting by Reuters citing Bloomberg News.

Airbus SE is finalizing an agreement to supply Scandinavian Airlines (SAS AB) with 15 to 20 widebody aircraft, securing critical delivery slots for the carrier in the early 2030s.

According to reporting by Bloomberg News, summarized by Reuters on June 6, 2026, the prospective order includes a mix of Airbus A330neo and Airbus A350 jets. The decision to select the European manufacturer over Boeing Co. aligns with the airline’s strategy to maintain fleet commonality and control operational costs across its long-haul network.

Strategic Fleet Commonality

SAS currently operates an all-Airbus widebody fleet featuring newer A350s and older A330 aircraft. In February 2026, SAS Chief Executive Officer (CEO) Anko van der Werff confirmed the airline was evaluating proposals from both Airbus and Boeing for a large widebody acquisition.

The carrier intends to finalize the agreement in the coming weeks. This fleet renewal supports the airline’s planned growth at its primary Copenhagen Kastrup Airport (CPH) hub. The expansion follows a recent equity investment from Air France-KLM and the Scandinavian carrier’s transition to the SkyTeam alliance.

Navigating Geopolitical and Fuel Pressures

The fleet investment comes as SAS navigates severe operational headwinds. The ongoing Iran war and the effective closure of the Strait of Hormuz have driven jet fuel prices to record highs.

Reuters reported that these fuel cost spikes recently forced the airline to reduce its flight schedule. Securing next-generation, fuel-efficient aircraft like the A330neo and A350 is a critical component of mitigating long-term exposure to volatile energy markets.

AirPro News analysis

We view the SAS decision to stick with Airbus as a pragmatic move to avoid the transition costs associated with introducing a new aircraft type into the fleet. Pilot training, maintenance tooling, and spare parts inventory for a mixed Boeing and Airbus widebody operation would likely erode the economic benefits of a split order. Securing delivery slots for the early 2030s now protects the airline against ongoing supply chain constraints that continue to limit widebody availability across the industry.

Sources: Reuters

Photo Credit: Airbus

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Aircraft Orders & Deliveries

Azorra Orders 15 E195-E2 Jets, E2 Program Tops 500 Orders

Azorra places a firm order for 15 Embraer E195-E2 aircraft, pushing the E2 program past 500 total orders.

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Aircraft lessor Azorra has expanded its commitment to the Embraer E2 family, placing a firm order for 15 Embraer E195-E2 jets and securing 15 additional purchase rights on June 5, 2026. The transaction pushes the total orderbook for the Brazilian manufacturer’s E2 program past the 500-aircraft milestone.

In a press release issued from São José dos Campos, Embraer S.A. confirmed the order will be added to its second-quarter 2026 backlog. This marks the third time Azorra has increased its commitment to the E2 program since its initial order in December 2021, bringing the lessor’s total firm E2 orders to 54 aircraft.

Azorra expands global E2 placement

Azorra has actively worked to broaden the E2 customer base worldwide. The lessor recently facilitated deliveries of E195-E2 and E190-E2 aircraft to international operators including Royal Jordanian Airlines, Scoot, and Virgin Australia.

Azorra Chief Executive Officer John Evans stated that the lessor’s continued investment reflects strong airline demand for right-sized, fuel-efficient aircraft that offer operational and network planning advantages.

“As an early supporter of the program, Azorra has worked closely with Embraer and Pratt & Whitney to expand the E2 customer base and bring the aircraft to new operators across multiple regions around the world,” Evans said. “We are proud to further strengthen our partnership with Embraer through this order and to play a role in the E2 program surpassing 500 orders.”

Embraer reaches program milestone

The E195-E2 is Embraer’s largest commercial aircraft. It features a two-by-two seating configuration and is marketed for its low fuel burn and reduced emissions. Following the Azorra transaction, the E2 program has officially secured more than 500 orders.

Embraer reports that more than 200 E2 family aircraft are currently in operation globally, flying for 24 different airline customers.

Arjan Meijer, President and CEO of Embraer Commercial Aviation, highlighted the lessor’s role in the program’s global success.

“Azorra has been an important partner in the global success of the E2, and this latest order is another strong endorsement of the aircraft’s outstanding economics, performance and passenger appeal,” Meijer said. “Surpassing 500 E2 orders is a proud moment for Embraer and reflects the growing momentum behind right-sized, fuel-efficient aircraft.”

AirPro News analysis

We view Azorra’s repeated follow-on orders as a strong indicator of lessor confidence in the E2 family. The partnership between Embraer, Azorra, and engine manufacturer Pratt & Whitney has proven effective in placing the aircraft with diverse global operators. Crossing the 500-order threshold provides Embraer with a solid backlog and validates the market positioning of the E195-E2 as a versatile crossover narrowbody for airlines seeking to modernize fleets and open new routes.

Sources: Embraer S.A., Azorra

Photo Credit: Embraer

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