• Kyodo, Bloomberg

  • SHARE

Sumitomo Mitsui Financial Group said Tuesday it has reached a basic agreement with major British bank Royal Bank of Scotland Group PLC to acquire the bank’s aircraft-leasing subsidiary, RBS Aviation Capital.

The parent of megabank Sumitomo Mitsui Banking Corp. said it is seeking to complete the transaction this spring for the leasing firm, which has a large fleet of commercial aircraft and assets totaling $7.2 billion (¥550 billion).

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW

PHOTO GALLERY (CLICK TO ENLARGE)