Aircraft rental company SMBC Aviation is nearing a $7 billion deal for rival Goshawk, By Reuters sources say

©Reuters. FILE PHOTO: The SMBC Aviation Capital logo can be seen in this illustration taken on May 4, 2022. REUTERS/Dado Ruvic/Illustration

By Anirban Sen and David French

(Reuters) – SMBC Aviation Capital, one of the world’s largest aircraft lessors, is close to a deal to acquire smaller competitor Goshawk for about $7 billion, including debt, people familiar with the matter said on Friday.

The deal between the two privately owned Dublin, Ireland-based landlords could be announced as early as next week, the sources said on condition of anonymity. It would create a global aircraft leasing giant as consolidation grips the industry.

Last year, the world’s two largest aircraft leasing companies, Ireland’s AerCap and GECAS, GE’s leasing arm, merged in a deal worth more than $30 billion.

SMBC Aviation Capital, owned by a consortium that includes Japan’s Sumitomo Corp and Sumitomo Mitsui (NYSE:) Financial Group, has a fleet of more than 750 owned, managed and operated aircraft, primarily Boeing (NYSE: ) and Airbus short-haul models, according to its website.

Goshawk, a 50:50 joint venture between Hong Kong-based conglomerate NWS Holdings Limited and Chow Tai Fook Enterprises Limited, has a owned, managed and dedicated fleet consisting of 222 aircraft, the website revealed.

A spokesman for SMBC Aviation Capital declined to comment. Goshawk did not immediately respond to a request for comment.

The AirFinance Journal first reported on the talks between the two companies in November.

A flurry of deals has reshaped a global air finance industry that has attracted a huge pool of capital in recent years.

The aviation investment arm of a private equity firm Carlyle group (NASDAQ:) Inc last year agreed to purchase aircraft leasing company Fly Leasing (NYSE:) Ltd for $2.36 billion, including debt. Also in December, Carlyle’s aviation division agreed to purchase the aircraft portfolio of Irish leasing company AMCK Aviation. Aircraft rental company SMBC Aviation is nearing a $7 billion deal for rival Goshawk, By Reuters sources say

Skyred is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – The content will be deleted within 24 hours.

Related Articles

Back to top button