Aerolease Aviation Signs Letter of Intent with Mitsubishi Aircraft Corporation

Aerolease Aviation, a privately owned aircraft leasing company which specializes in converting and leasing used aircrafts, has recently announced in collaboration with Mitsubishi Aircraft Corporation that the two companies have signed a Letter of Intent (LOI) to place an order for ten firm MRJ90 aircrafts, with the option for an additional ten MRJ90 aircrafts. Under this Letter of Intent, both companies will be working together in order to conclude a definitive agreement in the foreseeable future.

The Letter of Intent states that Aerolease will possess the asset value of the Mitsubishi Regional Jet (MRJ), as deliveries to Aerolease are anticipated to commence in 2018. Aerolease Aviation holds the first order of this brand new aircraft and hopes to explore a new market of the Mitsubishi Regional Jet.

The accumulated experiences in aircraft manufacturing and strong financial background of the Mitsubishi group are great value to us. Moreover, we are extremely impressed with the MRJ’s state-of-the-art aerodynamic design, Pratt & Whitney’s game-changing GTF engine and the state of the art avionics suite from Rockwell Collins, which will make the MRJ the superior aircraft to its competitors,” said Jep Thornton, an executive at Aerolease Aviation. “These factors encouraged us to move forward to select the MRJ for our portfolio. Aerolease is committed to cooperate with Mitsubishi Aircraft as an MRJ partner to promote MRJ in regional jet market and to expand its global customer base.” “This launch lessor order from Aerolease has a significant importance for the MRJ program,” said the President of Mitsubishi Aircraft Corporation, Hiromichi Morimoto. “We recognize the significantly important role which aircraft lessors have been playing in the aviation industry. We are proud to add a lessor partner to our order book at this very early stage of the MRJ program. We firmly believe that the asset value of the MRJ has been recognized in the aircraft finance market. This LOI will not only bring a positive impact on the lessor community, but will also contribute to expanding our airline customer base.

1. jennifer oberg
2. Posted on February 17, 2016
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