Danantara Investment Management, SMBC Aviation Capital, and Mandiri Investment Management Announce Indonesia's First Aviation Leasing Fund

Tokyo, 1 April 2026 – Danantara Investment Management, SMBC Aviation Capital, and Mandiri Investment Management announced the framework agreement for the development of Mandiri Aviation Leasing Fund, Indonesia's first dedicated aviation leasing investment platform. The initial portfolio value of the fund is around USD 800 million.

The fund brings together three complementary capabilities: SMBC Aviation Capital's position as one of the world's largest aircraft lessors, with a track record spanning over two decades and operations across multiple global offices; Danantara Investment Management's role as a strategic anchor investor; and Mandiri Group's execution and financing ecosystem, anchored by Mandiri Investment Management – the only subsidiary of an Indonesian state-owned bank to hold an offshore investment management license.

The Mandiri Aviation Leasing Fund is structured as a scalable, institutional-grade platform designed to provide investors with access to high-quality global aviation assets. The fund will be co-managed by Mandiri Investment Management and SMBC Aviation Capital under a framework agreement that combines Mandiri Investment Management's fund structuring capabilities with SMBC Aviation Capital's deep operational expertise in aircraft leasing.

As part of the partnership, SMBC Aviation Capital will provide aviation and leasing services to the Mandiri Aviation Leasing Fund, building long-term institutional capabilities in aviation leasing within Indonesia. Over time, the success of this platform is expected to support Danantara Investment Management's expansion into adjacent global asset classes.

The fund is expected to deliver attractive risk-adjusted returns to investors while positioning Indonesia within the global aviation leasing value chain. All three parties will work closely and participate in the fund's governance, ensuring strategic alignment across all partners.

The partnership also serves as a foundation for broader economic cooperation between Indonesia and Japan, creating opportunities for further cross-border investment between SMBC Group and Danantara Indonesia.

Pandu Sjahrir, Chief Investment Officer Danantara Indonesia, said:
"This partnership represents a significant step in Indonesia's participation in the global aviation finance ecosystem. By anchoring this project alongside SMBC Aviation Capital and Mandiri Investment Management, Danantara Indonesia is investing in a world-class platform that delivers strong returns while building strategic capabilities for the nation."

Barry Flannery, Chief Commercial Officer of SMBC Aviation Capital, said:
"We are very pleased to form this strategic partnership, which will help progress the aviation ecosystem in Indonesia and beyond. Working closely with Mandiri and Danantara Indonesia, we look forward to supporting longterm growth, innovation and collaboration across the sector."

Baskoro Adi, Chief Executive Officer of Mandiri Investment Management, said:
"This partnership reflects our commitment to developing innovative investment solutions that connect global investors with high-quality aviation assets. We are proud to collaborate with SMBC Aviation Capital, with the support of Danantara Investment Management, to establish Indonesia's first aviation leasing fund—delivering attractive risk-adjusted returns while positioning the region as an emerging player in the global aviation leasing market."

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About Danantara Indonesia

Danantara Indonesia, officially known as Badan Pengelola Investasi Daya Anagata Nusantara (BPI Danantara), is a strategic investment management institution established under Law No. 1 of 2025. As an independent entity under the President, Danantara Indonesia's mandate is to manage and optimize government investments and assets from State-Owned Enterprises (SOEs) in order to support the achievement of the Asta Cita vision, strategic national plans, as well as government programs to accelerate industrialization and economic growth. With a professional, transparent, and accountable approach, Danantara Indonesia aims to strengthen the governance of state assets, create added value for the economy, while increasing Indonesia's competitiveness in the global market.

More on Danantara Indonesia: https://www.danantaraindonesia.co.id

For more information, please contact: 

Communications Team

Danantara Indonesia

media@danantaraindonesia.com

About SMBC Aviation Capital

SMBC Aviation Capital is one of the largest aircraft leasing companies globally by number of aircraft and benefits from the strong support of its shareholders Sumitomo Mitsui Financial Group and Sumitomo Corporation. SMBC Aviation Capital has a high-quality global airline and investor customer base with a portfolio comprising 87% narrow-body aircraft and 73% new technology aircraft (by net book value). SMBC Aviation Capital has a strong capital position and holds an A- and BBB+ rating with S&P and Fitch respectively, reflecting the long-term strength of its business. For more information, please visit: www.smbc.aero

About Mandiri Investment Management

Mandiri Investment Management, a subsidiary of Bank Mandiri, is a Singapore-based asset manager established in 2012. The firm provides investment solutions across public and alternative assets to institutional and high-net-worth investors. As the only asset manager within the Danantara ecosystem to hold an offshore investment management license, MIM plays a strategic role as a bridge between Indonesia and global markets, connecting capital with high-quality investment opportunities. For more information, please visit: www.mandiri-investment.com.sg