Sumitomo Mitsui Finance and Leasing Company acquires 35% stake in LCI

Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) has acquired a 35% stake in LCI, expanding LCI’s established partnership with SMFL which began in September 2020 with the launch of a $230 million helicopter leasing joint venture (JV). The JV now has a portfolio of over 50 aircraft valued at over $550 million. George M. Logothetis, executive chairman, Libra Group said: “We expect to progressively grow and deepen our relationship with SMFL over the years, our long-term outlook and belief system are strikingly similar. The possibilities for collaboration are endless, from aviation, to maritime, to renewable energy, to all that