Japan's Sumitomo unit to buy Macquarie's helicopter leasing arm

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Mon, March 10, 2025

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Japan's Sumitomo unit to buy Macquarie's helicopter leasing arm

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Japan's Sumitomo unit to buy Macquarie's helicopter leasing arm

^{Published on 2025-03-10 04:41:09 - Reuters}

Sumitomo Mitsui Finance and Leasing said on Monday its joint venture will acquire Macquarie Rotorcraft, the helicopter leasing business of financial giant Macquarie's asset management arm.The Nikkei had reported the deal earlier in the day,

Sumitomo Mitsui Finance and Leasing Co., a unit of Japan's Sumitomo Mitsui Financial Group, has agreed to acquire Macquarie Group's helicopter leasing business, known as Macquarie Rotorcraft Leasing, for an undisclosed amount. This acquisition will expand Sumitomo's portfolio in the aviation sector, particularly in the niche market of helicopter leasing. Macquarie Rotorcraft Leasing, based in Dublin, manages a fleet of over 150 helicopters, serving clients in sectors like emergency medical services, search and rescue, and offshore oil and gas. The deal is part of Sumitomo's strategy to diversify its offerings and strengthen its presence in the global aviation finance market. The transaction is expected to close in the first half of 2024, subject to regulatory approvals.

Read the Full Reuters Article at:
[ https://www.msn.com/en-gb/money/other/japans-sumitomo-unit-to-buy-macquaries-helicopter-leasing-arm/ar-AA1AAVhn ]

N@N

Japan's Sumitomo unit to buy Macquarie's helicopter leasing arm