Jackson Square Aviation (JSA) has raised $2bn to fund new aircraft purchases.
The Japan Bank for International Cooperation (JBIC) provided a $1.2bn loan, with MUFG’s portion bringing the total co-financing amount to $2bn.
As Japan's policy-based financial institution, JBIC supports the overseas business expansion of Japanese companies. JSA, owned by Mitsubishi HC Capital, plan to renew its fleet of aircraft with the most fuel-efficient technology it its aim to “secure a competitive edge in the aircraft leasing industry and seize additional profit-earning opportunities by expanding the number of aircraft it owns and manages, by replacing the existing ones with next-generation aircraft with better fuel efficiency”. JBIC added that this loan would “financially support this aspiration of JSA, thereby contributing toward maintaining and improving the international competitiveness of the Japanese aircraft leasing industry”.