Jackson Square Aviation to become a group company of Mitsubishi UFJ Lease & Finance
04-Oct-2012 Jackson Square Aviation is pleased to announce it will become a group company of Mitsubishi UFJ Lease & Finance Company Limited ("MUL"), whose interests will be wholly owned by MUL. The transaction is expected to close by the end of 2012, pending regulatory approvals. Jackson Square is one of the world's leading commercial aircraft lessors, with a fleet of 76 next-generation aircraft valued in excess of $4 billion.
"We are excited to join forces with MUL," remarked Richard S. Wiley, Jackson Square's President and CEO. "Having the support of another major international financial services company enables us to continue to provide our airline customers with new capital to finance their next-generation deliveries."
Scott B. Weiss, Jackson Square's COO and Executive Vice President of Capital Markets, commented that "MUL brings to the table a premier brand name and a large presence in Asia, home to some of aviation's highest growth markets. This will be a great combination of two superior global companies."
"Airlines want to know they are conducting business with a well-capitalized lessor who will stand behind its commitments," added Toby Bright, EVP and Head of Marketing. "With the support of MUL, we will continue to be a reliable source of funding for our airline customers."