The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed today a loan agreement amounting to up to approximately USD71 million (JBIC portion) with FGL Aircraft USA Inc. (FGLAUS), a U.S. company under the auspices of Fuyo General Lease Co., Ltd. (Fuyo General Lease). The loan is co-financed with Mizuho Bank, Ltd., bringing the total co-financing amount to approximately USD118 million.
The loan is intended to provide the necessary funds for procuring aircraft for FGLAUS to conduct its aircraft leasing business.
FGLAUS is a U.S.-based aircraft leasing company whose portfolio consists of 15 aircraft as of the end of October 2023. Fuyo General Lease has been strengthening the aircraft leasing business by designating it as a core area in its medium-term management plan titled Fuyo Shared Value 2026. At the same time, it positions FGLAUS as a core subsidiary in the business. FGLAUS aims to expand its business by seizing the trend of growing aircraft demand in the U.S. and increasing the number of fuel efficient next-generation aircraft it owns and manages. This loan will financially support this aspiration of FGLAUS, thereby contributing toward maintaining and improving the international competitiveness of the Japanese aircraft leasing industry.
As Japan's policy-based financial institution, JBIC will continue to financially support the overseas business expansion of Japanese companies by drawing on its various financial facilities and schemes for structuring projects, and by performing its risk-assuming function, in collaboration with private financial institutions.
