SMBC Aviation Capital and CDPQ established an aircraft financing platform
- Sumitomo Mitsui Financial Group, Inc. (President & Group CEO: Toru Nakashima, collectively "SMBC Group"), Sumitomo Mitsui Banking Corporation (President & CEO: Akihiro Fukutome) and Sumitomo Mitsui Finance and Leasing Company, Limited (President: Masaki Tachibana, "SMFL") hereby announce that SMBC Aviation Capital Limited (CEO: Peter Barrett, "SMBC Aviation Capital"), a subsidiary of SMFL, and CDPQ, a global investment group, have established a new global aircraft financing and leasing platform.
SMBC Aviation Capital and CDPQ have established Maple Aircraft Company Holdings Limited, a platform focused on opportunities in new technology aircraft. The investment is targeted at US$500 million per year, over 3 years, for a total of US$1.5 billion. SMBC Aviation Capital will conduct aircraft procurement and asset management.
Through the above initiatives by SMBC Aviation Capital, the world's second largest aircraft leasing company by the number of aircraft, SMBC Group will continue to provide financing solutions to benefit airline customers worldwide primarily by Sale and Lease Back of aircraft. In addition, SMBC Group intends to contribute to the diversification of our customers’ investment portfolio through the Group's alternative assets.
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