Mitsubishi Unit To Fork Over $1.3B For Aircraft Lease Co.

Law360, New York (October 4, 2012, 11:33 AM EDT) -- Japan's Mitsubishi UFJ Lease & Finance Co. Ltd. has agreed to pay 100 billion yen ($1.3 billion) for a California-based aircraft leasing company to build its presence in the aviation industry, lifting ownership from private equity firm Oaktree Capital Management LP, the buyer said Thursday.

The leasing company — a unit of conglomerate Mitsubishi Corp. — will back its buy of JSA International Holdings LP, which operates as Jackson Square Aviation, using a mix of on-hand cash and new bank debt. It did not give a...
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