Amsterdam, the Netherlands, 1 April 2019: Sumitomo Mitsui Finance and Leasing Company, Limited (“SMFL;” President: Masaki Tachibana) and Sumitomo Corporation (“Sumitomo Corp;” Representative Director, President and CEO: Masayuki Hyodo) completed a transfer of 65% of the shares of aircraft engine leasing company Sumisho Aero Engine Lease B.V. (CEO: Akinori Kojima), a joint venture between Sumitomo Corp and MTU Aero Engines (“MTU;” CEO: Reiner Winkler), a major German-based company that manufactures and services aircraft engines, on April 1, 2019 based on a share purchase agreement signed on December 28, 2018. The company has launched operations anew under the name SMBC Aero Engine Lease B.V. (“SAEL” )
Overview of the joint-venture company
| Name | SMBC Aero Engine Lease B.V. |
| Head Office Address | Strawinskylaan 1639, 1077X Amsterdam, the Netherlands |
| Shareholders and ownership ratios | Before share acquisition by SMFL Sumitomo Corp: 90%, MTU: 10% After share acquisition by SMFL SMFL: 65%, Sumitomo Corp: 25%, MTU: 10% |
| Capital | 1,000 euro |
| Main business | Aircraft engine leasing |
