SMBC Aviation Capital plans to sell $671.9 million of securities backed by a portfolio of aircraft leases.

The weighted average age of the leases pooled under Orbit Aircraft Leasing is 7.2 years, slightly older than other recent transactions rated by Fitch in this asset class. For example, BOC Aviation's SAIL transaction issued on Oct. 16 is collateralized by a pool of leases backed by aircraft with an average age of 4.7 years.

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