Sumitomo Mitsui Financial Group, Inc.(Code: 8316)

Sumitomo Mitsui Finance and Leasing Company, Limited.

Sumitomo Mitsui Banking Corporation

Sumitomo Corporation (Code: 8053)

 

Regarding the integration of SMFL Aircraft Capital Corporation B.V. and other entities
in aircraft leasing business into SMBC Aviation Capital

 

October 15, 2012 --- Sumitomo Mitsui Banking Corporation (SMBC; President: Takeshi Kunibe) and Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL; President: Yoshinori Kawamura), both subsidiaries of Sumitomo Mitsui Financial Group, Inc. (SMFG; President: Koichi Miyata), and Sumitomo Corporation (SC; President and CEO: Kuniharu Nakamura) commenced the discussion on integrating SMFL Aircraft Capital Corporation B.V. (the Netherland) and SMFL Aircraft Capital Corporation Japan Co., Ltd. (Japan), both are the existing joint ventures between SMFL and SC, and Sumisho Aircraft Asset Management B.V. (the Netherland), wholly-owned subsidiary of SC, into SMBC Aviation Capital which commences operation in June 2012. This integration is targeting at developing the third largest aircraft leasing business in the world more speedily and effectively, centered on SMBC Aviation Capital as a core of the business. Agreement on the integration as well as integration itself is sought to be reached as early as possible, through discussion among related parties including SMBC, SMFL, SC and SMBC Aviation Capital.

 

Both groups, SMFG and SC, will continue their concerted efforts to further strengthen the aircraft leasing business, reexamine and restructure its global marketing structure and offer higher-value-added financial services to the airline industry and aircraft manufacturers in both domestic and foreign markets by leveraging their many advantages, such as a sound financial position, ability to provide sophisticated financial solutions, broad global client base, and advanced risk management practice.

 

<Overview of each company>

SMBC Aviation Capital

(1) Business name:                SMBC Aviation Capital

(2) Head office location:         Dublin, Ireland

(3) Start of business:               2001

(4) Primary business:              Aircraft leasing

(5) Ownership percentage:      SMFL 60%, SMBC 30%, SC 10%

 

SMFL Aircraft Capital Corporation B.V.

(1) Company name:               SMFL Aircraft Capital Corporation B.V.

(2) Head office location:         Amsterdam, Netherlands

(3) Incorporation:                    2008

(4) Primary business:              Aircraft leasing

(5) Ownership percentage:     SMFL 60%, SC 40%

 

SMFL Aircraft Capital Japan Co., Ltd.

(1) Company name:               SMFL Aircraft Capital Japan B.V.

(2) Head office location:         Tokyo, Japan

(3) Incorporation:                    2008

(4) Primary business:              Aircraft leasing

(5) Ownership percentage:     SMFL 60%, SC 40%

 

Sumisho Aircraft Asset Management B.V.

(1) Company name:               Sumisho Aircraft Asset Management B.V.

(2) Head office location:         Amsterdam, Netherlands

(3) Incorporation:                    2001

(4) Primary business:              Aircraft leasing

(5) Ownership percentage:     SC 100%