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Sumitomo Mitsui unit to buy into U.K. helicopter lessor

Japanese demand for midsize craft seen for disasters and rescues

SMFL expects demand for midsize helicopters in offshore wind turbine maintenance to increase. (Image courtesy of the company)

TOKYO -- Japan's Sumitomo Mitsui Finance and Leasing (SMFL) will acquire a 35% stake in U.K.-based LCI, the world's second-largest helicopter leasing company, and make it an equity-method affiliate.

SMFL seeks to use LCI's know-how in midsize helicopters to cultivate a market in Japan.

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