12-Mar-2012 11:39 AM

Century Tokyo Leasing to acquire 16.7% stake in Jetstar Japan from Mitsubishi Corp: report

Century Tokyo Leasing Corp, a unit of Itochu Corp, will reportedly acquire a 16.7% stake in Jetstar Japan from Mitsubishi Corp, which has a 33.4% stake in the carrier. According to The Nikkei reports, the remaining 66.6% of shares are equally split between Japan Airlines and Qantas Airways, although if Century Tokyo acquires the stake from Mitsubishi, Japan Airlines and Qantas Airways will become the two largest shareholders. The company hopes to create synergies with its aircraft leasing and car rental operations through the acquisition.

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