SMFL to acquire 65% stake in SAEL from Sumitomo

Sumitomo Mitsui Finance and Leasing (SMFL) has agreed to acquire 65% of the shares of Sumisho Aero Engine Lease (SAEL) from Sumitomo. The deal is subject to regulatory approval and SMFL plans to make SAEL a consolidated subsidiary effective April 2019.

“Once approved and the deal is finalised, SMFL and Sumitomo intend to expand the scale of SAEL’s operations and raise its profile in the rapidly growing airline industry.”aviationnews-online.com

• 1 source
• aviationnews-online.comSmfl To Acquire Joint Stake In Sael | Aviation News OnlineDino D'AmoreDec 31, 2018

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