Jackson Square Aviation to become subsidiary of Mitsubishi UFJ Lease & Finance

Jackson Square Aviation announced (04-Oct-2012) 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. MUL stated it has been seeking to reinforce its product services through developing and improving various financing products and services, and has evolved its business by aggressively expanding its scope of activities beyond its core competency of leasing. Jackson Square is a major commercial aircraft lessor with a fleet of 76 aircraft valued in excess of USD4 billion. Jackson Square Aviation president and CEO Richard S Wiley said the support of a major international financial services company such as MUL "enables us to continue to provide our airline customers with new capital to finance their next-generation deliveries". [more - JSA] [more - MUL]