DUBLIN, Jan 17 (Reuters) – The top of SMBC Aviation Capital on Tuesday predicted extra mergers and acquisitions within the plane leasing trade, weeks after finishing the acquisition of smaller rival Goshawk Aviation.
“There has at all times been M&A exercise in our house … however I do assume over the subsequent variety of years you may see extra of that as a result of the extent of relevance and scale is tipping up through the years,” Chief Government Peter Barrett instructed the Airline Economics convention in Dublin.
SMBC final month accomplished the acquisition of Goshawk for an enterprise worth of $6.7 billion.
Barrett didn’t say whether or not SMBC, the world’s second largest lessor by variety of plane, can be concerned within the subsequent stage of consolidation.
Normal Chartered (STAN.L) financial institution mentioned final week it meant to discover choices, together with a possible sale, for its aviation finance unit.
Reporting by Tim Hepher
Enhancing by Mark Potter
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