Dublin, Ireland – July 4, 2025 – SMBC Aviation Capital, a leading global aircraft leasing company, is pleased to announce that it has signed the lease agreements with Turkish Airlines’ fully owned subsidiary AJet, for five (5) Airbus A320neo aircraft.

With these direct leases to AJet, the aircraft will bring the number of SMBC Aviation Capital’s portfolio placed at Turkish Airlines to 25 aircraft, since 2022. These five young, fuel efficient A320neos are scheduled to be delivered in Q42025 through Q22026 and will be operated exclusively by AJet. This transaction marks a further step in AJet’s fleet expansion and operational efficiency strategy.

Barry Flannery, Chief Commercial Officer of SMBC Aviation Capital, said, “This transaction is a testament to the strong relationship we have built with Turkish Airlines. The Airbus A320neo aircraft will not only enhance AJet’s operational capabilities but also contribute to a more sustainable aviation industry. We are proud to support Turkish Airlines in their growth and modernisation efforts and look forward to many more successful collaborations in the future.”

Turkish Airlines Chief Financial Officer and Member of the Board and the Executive Committee Assoc Prof. Murat Şeker said: “We are delighted to further strengthen our partnership with SMBC Aviation Capital through this agreement. These new Airbus A320neo aircraft will bolster our operations with their superior fuel efficiency and cost-effectiveness, aligning seamlessly with our commitment to operational excellence and sustainable growth. Ajet’s mission is to make air travel more accessible and budget-friendly for all. This collaboration is a testament to AJet’s dedication and a clear step forward in extending the advantages of low-cost aviation to even more passengers.”