Mitsubishi UFJ Lease & Finance Company (MUL) has finalised its buyout of Engine Lease Finance Corporation (ELFC).
“This is a great way to celebrate ELFC’s 25th anniversary,” said ELFC’s president and CEO Jon Sharp.
“We are very excited by this move. MUL is one of Japan’s largest leasing companies and is renowned for its innovative approach to asset finance and for aggressively expanding its global business activities.”
Sharp confirmed that ELFC was “being encouraged to grow”, including expanding into new business areas.