DUBLIN—Ireland-based aircraft lessor SMBC Aviation Capital posted a $319.4 million full-year pre-tax profit and is aiming to transition the majority of its fleet to new-technology aircraft by the mid-2020s. During the company’s financial year ended March 31, SMBC’s core lease revenue rose 1.1% year-over-year (YOY) to $934 million, while overall revenue remained steady at $1.03 billion, pushing the full-year pre-tax profit up 2.2%. SMBC Aviation Capital CEO Peter Barrett ...
