Mitsubishi UFJ Financial Group completed the acquisition of Aviation Finance division from DVB Bank. The asset purchase agreement provides for the entire Aviation Finance client lending portfolio (c. €5.6bn), employees and other parts of the operating infrastructure to be transferred to MUFG Bank. The transaction also includes the acquisition of DVB’s Aviation Investment Management and Asset Management businesses which will be transferred to a newly established subsidiary of BOT Lease. DVB's Aviation Finance division is an arranger and provider of financing for aircraft (narrowbody, widebody, and other passenger and freighter aircraft). Aviation Finance offers its clients financing solutions ranging from bridging loans to complex long-term facilities. “Aviation Finance is a key growth pillar for MUFG and this acquisition will see a step-change in our ability to offer bespoke solutions to our clients. We are excited to be welcoming lots of experienced professionals to our established team, enabling us to broaden our customer base and cement our position as a leading player in this space,” Masato Miyachi, MUFG’s Senior Managing Corporate Executive.