Jackson Square Aviation to Become a Group Company of Mitsubishi UFJ Lease and FinanceSan Francisco, October 4, 2012
San Francisco – October 4, 2012 - Jackson Square Aviation (JSA), a full-service aircraft leasing company based in San Francisco, 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. JSA 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 Rich Wiley, JSA’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 Weiss, JSA’s Chief Operating Officer and Executive Vice President commented that "MUL brings to the table a premier brand name and a large presence in Asia."
"Airlines want to know they are conducting business with a well-capitalized lessor who will stand behind its commitments," added Toby Bright, Executive Vice President and Head of Marketing at JSA. "With the support of MUL, we will continue to be a reliable source of funding for our airline customers."
About Mitsubishi UFJ Lease & Finance Company Limited
Mitsubishi UFJ Lease & Finance Company (MUL) is a prominent global leasing company headquartered in Tokyo. MUL, incorporated in April 1971, focuses on leasing, installment sales, various types of financing, and international business. With a total paid capital of 33,196,047,500 JPY and 320,000,000 authorized shares, MUL's principal shareholders are Mitsubishi Corporation, Mitsubishi UFJ Financial Group, Inc., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Meiji Yasuda Life Insurance Company, and Mitsubishi UFJ Trust and Banking Corporation. MUL is publicly traded on the Tokyo Stock Exchange. The company employs more than 2,200 people worldwide.