Macquarie Said to Explore Sale of $1.2 Billion Helicopter Lessor

Macquarie Group Ltd. is exploring the sale of its helicopter leasing business, according to people with knowledge of the matter.

The Australian company has begun soliciting interest from potential buyers in the unit, known as Macquarie Rotorcraft, which could fetch about $1.2 billion in a transaction, said the people, who requested anonymity to discuss confidential information. No final decisions have been made and it’s possible Macquarie could decide not to sell the unit, one of the people said.

A Macquarie spokesman declined to comment.

Macquarie Rotorcraft, led by Chief Executive Officer John Petkovic, provides financing and leases for new and ...