HI Uplift: SMFL buying Macquarie Rotorcraft
The joint venture between Sumitomo Mitsui Finance and Leasing Corporation (SMFL) and LCI has agreed to buy Macquarie Rotorcraft, the helicopter leasing division of Australian bank Macquarie.
Macquarie Rotorcraft’s portfolio of about 120 helicopters will be managed by LCI.
The terms of the transaction have not been disclosed.
SMFL first invested in helicopters in 2020 as part of a joint venture with LCI. In 2023 it bought 35% of LCI.
Macquarie Rotorcraft was launched in 2013. It acquired most of the assets of Waypoint Leasing in 2018 for $650m.
SMFL is a joint business between Sumitomo Mitsui Financial Group and Sumitomo Corporation.
Subscribe to our free newsletter
For more opinions from Helicopter Investor, subscribe to our email newsletter.
