ORIX Aviation Systems Limited (“ORIX Aviation”) is pleased to announce the successful closing of a Japanese Operating Lease with a Call Option (JOLCO) transaction with Avolon, supported by MUFG acting as lender.
James Meyler, ORIX Aviation’s CEO, remarked: “We are delighted to confirm the closing of our first Lessor JOLCO to Avolon. This transaction is a testament to ORIX Aviation’s strong reputation within the JOL/JOLCO market and further demonstrates our close working relationship with Avolon.”
Andy Cronin, Avolon CEO commented; “Avolon is excited to partner with ORIX on this, our first JOLCO operating lease financing. This transaction demonstrates our commitment to access capital from a wide pool of funding sources and allowed us to leverage ORIX Aviation’s deep investor network within Japan to create a beneficial outcome for both parties.”
Olivier Trauchessec, Head of Global Aviation, MUFG commented; “MUFG is extremely pleased to have partnered with ORIX Aviation and Avolon, acting as Mandated Lead Arranger on this milestone transaction between two successful lessors”