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Century Tokyo Leasing Corp acquires stake in Jetstar Japan

14-Mar-2012 11:47 AM

Century Tokyo Leasing Corp announced (13-Mar-2012) it has acquired a 16.7% stake in Jetstar Japan from Mitsubishi Corp, reducing Mitsubishi’s shareholding in the start-up to 16.7%, with the remaining 33.3% equally split between Japan Airlines and Qantas. The share certificate delivery is scheduled for 27-Mar-2012. Century Tokyo Leasing stated the acquisition is part of the company’s medium-term management plan to expand its business portfolio, which includes aircraft leasing and credit card membership. Jetstar Japan CEO Miyuki Suzuki, as quoted by Sankei Biz, stated Century Tokyo’s diverse business interests would provide synergies allowing the start-up to provide more innovative services. The carrier is targeting USD1 billion in revenue within two years of its scheduled launch date in Jul-2012. [more - original PR - Japanese]