Deutsche Bank's $120 million purchase of US commercial aircraft leasing firm Boullioun Aviation Services from Japan's Sumitomo Trust and Banking has been finalised. The Bellevue, Washington-based company has a one-third stake in Singapore Aircraft Leasing Enterprise. Boullioun Aviation Services and Singapore Aircraft Leasing own 46 aircraft worth $1.6 billion. The two have almost 100 aircraft on order, including options, valued at $6 billion.

Source: Flight International