SMBC Aviation Capital has agreed a sale and leaseback deal for five Boeing 737 MAX 8 aircraft with Dominican Republic carrier Arajet, scheduled for delivery in 2026 and 2027.

The airline operates routes to various destinations in North, Central, and South America, and the Caribbean.

Conor Stafford, Head of Airline Marketing, SMBC Aviation Capital, said: “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.”

Víctor Pacheco Méndez, CEO of Arajet, said: “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.”

Dublin-based SMBC Aviation Capital is an aircraft lessor with an owned, managed and committed fleet of approximately 1,000 aircraft.

A Boeing 737 MAX 8 in Arajet livery.