Business dealsSumitomo Mitsui unit to acquire U.K.-based helicopter lessor
$1bn-plus deal for Macquarie Rotorcraft brings group on par with industry leader
The acquisition would bring the SMFL group's holdings to 300-plus helicopters, on a par with Ireland-based industry leader Milestone Aviation Group.
TOKYO -- Sumitomo Mitsui Finance and Leasing will purchase U.K.-based helicopter lessor Macquarie Rotorcraft in a transaction valued at slightly over $1 billion, Nikkei has learned, with an eye toward meeting the growing demand for emergency medical and disaster relief operations.