SMFL becomes 100% shareholder of SMBCAC

Sumitomo Mitsui Finance and Leasing Company (SMFL) has acquired a 10% share of SMBC Aero Engine Lease (SAEL) from MTU Aero Engines (MTU) and has become a sole shareholder. SMFL is one of the largest Japanese leasing company and majority shareholder of aircraft leasing company SMBC Aviation Capital (SMBCAC). SMFL stated that it will continue its collaboration with MTU and keep its close relationship with the MTU group. The company added that the change in shareholding will have no impact on the way SAEL operates and its interaction with MTU group.  “SAEL remains committed to further grow its business under the