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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

Abra Group Orders Up to 45 Embraer E195-E2 Aircraft

Abra Group signs deal for up to 45 E195-E2 jets, becoming the 25th global E2 operator with first delivery in Q4 2027.

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Abra Group has finalized an agreement with Embraer to acquire up to 45 E195-E2 aircraft, securing next-generation narrowbody capacity for the parent company of Avianca and Gol Linhas Aéreas Inteligentes. The transaction introduces Abra Group as a new customer for the E2 program and expands the manufacturer’s footprint in the Latin American market.

Announced in a press release on July 21, 2026, during the Farnborough International Airshow, the deal positions Abra Group as the 25th global operator of the E2 family. Embraer expects to deliver the first aircraft to the airline group in the fourth quarter of 2027.

Order Breakdown and Fleet Integration

The agreement consists of 20 firm orders, 10 purchase options, and 15 purchase rights. Abra Group plans to utilize the Pratt & Whitney GTF-powered aircraft to match capacity with demand across its pan-Latin American network. The company stated the fleet addition will enable the opening of new markets and the deployment of higher flight frequencies on existing routes.

“The E195-E2 will provide Abra with flexibility to pursue new opportunities as part of our disciplined approach to fleet deployment, and delivering greater value when and where our customers need it most,” said Adrian Neuhauser, CEO of Abra Group. “This agreement reflects our commitment to continue investing in efficient, next-generation aircraft as we expand connectivity and strengthen our network across the region and domestically.”

The E195-E2 is the largest variant in the E-Jet E2 family, designed to offer lower fuel burn and reduced emissions compared to previous-generation regional jets. The aircraft will slot into the Abra Group fleet alongside larger narrowbody aircraft currently operated by Avianca and Gol.

Embraer’s Farnborough Momentum

The Abra Group commitment anchored a strong showing for Embraer at the Farnborough International Airshow. According to reporting by Aviation Week, the Brazilian manufacturer announced a total of 30 firm passenger E-Jet orders on July 21, 2026.

In addition to the 20 firm aircraft for Abra Group, Embraer secured orders for five aircraft from Binter Canarias, three from Luxair, and two from Fuji Dream Airlines. Arjan Meijer, President and CEO of Embraer Commercial Aviation, highlighted the significance of the Abra deal for the program’s global footprint.

“We are proud to support Abra Group in its growth journey with the E195-E2, one of the most efficient and environmentally friendly single-aisle aircraft available today,” Meijer stated in the press release. He later noted to Aviation Week that the E2 operator count to 25 worldwide.

Strategic Partnerships and Global Connectivity

The Embraer order was not the only major strategic move Abra Group executed at the airshow. On July 21, 2026, the company also signed a Memorandum of Understanding (MoU) with Etihad Airways. Aviation Week reported that the partnership aims to strengthen connectivity between Latin America, the Middle East, and Asia.

AirPro News analysis

We view the simultaneous announcements of the Embraer fleet expansion and the Etihad Airways partnership as a coordinated strategy by Abra Group to consolidate its market position. By acquiring the E195-E2, Abra secures an optimized platform to feed regional traffic into major international hubs. This narrowbody efficiency will be critical for supporting the long-haul connectivity envisioned in the Etihad agreement, allowing Avianca and Gol to efficiently aggregate passenger volume from secondary Latin American markets to support intercontinental routes.

Sources: Embraer

Photo Credit: Embraer

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Aircraft Orders & Deliveries

National Airlines Orders GE90 and CF6 Engines at Farnborough

National Airlines orders 7 GE Aerospace engines at Farnborough 2026 to support its Boeing 777-200F and 747-400F freighter fleet.

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National Airlines has committed to purchasing one GE90-110B and six CF6-80C2 engines from GE Aerospace to support its expanding widebody freighter fleet. The agreement, announced on July 23, 2026, during the Farnborough International Airshow, deepens the cargo carrier’s reliance on GE propulsion systems as it scales its long-haul operations.

In a press release issued by GE Aerospace, the manufacturers confirmed the order will power National Airlines’ growing fleet of Boeing 777-200F and Boeing 747-400F Commercial-Aircraft. Financial terms of the transaction were not disclosed. The acquisition builds upon the carrier’s existing inventory of 30 CF6 and eight GE90 engines.

Fleet capacity and operational integration

The engine order aligns with National Airlines’ recent capacity growth. The carrier has actively expanded its long-haul Cargo-Aircraft capabilities throughout 2026, taking Delivery of its first Boeing 777-200F in April 2026. A second Boeing 777-200F, registered as N792CA, arrived directly from The Boeing Company’s Everett facility on May 26, 2026.

This fleet expansion directly drives the requirement for additional GE90 engines, which serve as the exclusive powerplant for all Boeing 777 Freighter models. National Airlines currently operates four Boeing 777-200F aircraft and nine Boeing 747-400F aircraft.

“Reliability, performance, and consistency are the foundation of successful air cargo operations, which is why National Airlines has built its freighter fleet around GE Aerospace engine technology,” said Chris Alf, Chairman of National Airlines. “The addition of these CF6 and GE90 engines further strengthens our operational capability, ensuring we have the flexibility, capacity, and long-term resilience needed to support our customers’ evolving requirements for years ahead.”

Engine specifications and market presence

The CF6 engine family remains a cornerstone of global air cargo operations. According to GE Aerospace, CF6 turbofan engines currently power nearly 70 percent of the world’s widebody cargo airplanes. The addition of six CF6-80C2 engines will specifically support National Airlines’ Boeing 747-400F operations.

The GE90-110B engine features a 128-inch diameter front fan equipped with carbon fiber composite blades. During its Federal Aviation Administration (FAA) certification testing, the GE90 engine achieved a world-record setting thrust of 127,900 pounds.

“We’re thrilled that National Airlines continues to invest in our engines after recently purchasing eight GE90 engines,” said Mohamed Ali, President and CEO of GE Aerospace Commercial Engines & Services. “These additional engines will help National meet growing cargo demand and demonstrates their continued confidence in these aircraft-engine combinations.”

AirPro News analysis

We view this engine commitment as a necessary logistical step following National Airlines’ aggressive fleet expansion in the first half of 2026. Securing spare engines is critical for maintaining dispatch reliability, particularly for a cargo operator heavily dependent on high utilization of aging Boeing 747-400F airframes and newly acquired Boeing 777-200F jets. By standardizing around the CF6 and GE90 platforms, National Airlines minimizes maintenance complexity and ensures a predictable supply chain for its global freight operations.

Sources: GE Aerospace via PR Newswire

Photo Credit: National Airlines

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Aircraft Orders & Deliveries

BOC Aviation Orders Up to 220 Pratt Whitney GTF Engines

BOC Aviation finalizes its largest-ever Pratt & Whitney order, buying up to 220 GTF engines for 110 A320neo aircraft at Farnborough 2026.

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BOC Aviation Limited has finalized an agreement with Pratt & Whitney to purchase up to 220 Geared Turbofan (GTF) engines to power a fleet of up to 110 Airbus A320neo family aircraft.

Announced on July 21, 2026, at the Farnborough International Airshow, the transaction represents the largest single order the aircraft leasing company has ever placed with the RTX Corporation subsidiary. The deal was originally signed as an undisclosed agreement in June 2025 and reinforces BOC Aviation’s commitment to the GTF platform amid a broader expansion of its narrowbody portfolio.

Deepening a decades-long partnership

The agreement extends a 29-year relationship between the lessor and the engine manufacturer. BOC Aviation Chief Executive Officer and Managing Director Steven Townend noted the historical significance of the deal in a press release issued by the companies.

“This order is the largest that BOC Aviation has placed with Pratt & Whitney and a continuation of our 29-year relationship, reflecting the key role they have played in our growth,” Townend stated.

Pratt & Whitney President of Commercial Engines Rick Deurloo emphasized that the order demonstrates continued market confidence in the GTF platform. The manufacturer highlights that the GTF engine delivers a 20 percent reduction in fuel consumption and a 75 percent reduction in noise footprint compared to prior generation engines.

Broader fleet strategy and market positioning

The Pratt & Whitney agreement is part of a dual-sourcing strategy for BOC Aviation’s narrowbody expansion. On July 20, 2026, the lessor announced a separate order for up to 300 CFM International LEAP engines to power both Airbus A320neo and Boeing 737-8 aircraft.

As of June 30, 2026, BOC Aviation reported a total portfolio of 811 aircraft and engines, encompassing owned, managed, and on-order assets. The lessor cited the fuel efficiency of the GTF engines as a primary driver for the acquisition. Townend noted the engines will enable a substantial reduction in fuel costs for future fleet operations.

Pratt & Whitney backlog growth

The BOC Aviation order contributes to a growing backlog for the engine manufacturer. On July 22, 2026, Pratt & Whitney reported that its GTF engine program had surpassed 800 orders and commitments year-to-date, bringing the total program backlog to over 8,000 engines.

AirPro News analysis

We view BOC Aviation’s decision to split its massive narrowbody engine requirements between Pratt & Whitney and CFM International as a standard risk-mitigation strategy for top-tier lessors. By securing up to 220 GTF engines alongside its recent 300-engine CFM LEAP order, BOC Aviation ensures it can offer airline customers their preferred powerplant options on the Airbus A320neo family.

The public confirmation of this order at the Farnborough International Air-Shows provides Pratt & Whitney with valuable commercial momentum. A record-breaking commitment from a major lessor like BOC Aviation signals enduring institutional confidence in the engine’s long-term operating economics.

Sources: BOC Aviation (July 21 Press Release)

Photo Credit: RTX

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