MUFG Facilitates Viva Aerobus' First Japanese Operating Lease Financing

Mitsubishi UFJ Financial Group (MUFG), recognized as one of the leading global financial institutions, has played a pivotal role in Viva Aerobus' debut Japanese Operating Lease with Call Option (JOLCO). This landmark transaction, also involving Three i's Capital Co., Ltd., underscores a significant step both for the airline and the asset management company, marking their entrance into the aircraft leasing sector.

The transaction is particularly noteworthy as it signifies Viva Aerobus’ first foray into JOLCO financing, while simultaneously representing Three i's Capital's initial investment in this domain. MUFG took on the responsivity of the sole Structuring Agent and Lender, while Three i's Capital served as the Equity Underwriter. This financing arrangement enabled the airline to receive an A321neo aircraft in May 2026, enhancing its ability to deliver services effectively across North America and beyond.

Aqmar Chowdhury, MUFG's Deputy Head of Aviation Origination in the Americas, expressed enthusiasm for this collaboration, stating, "We are delighted to support Viva on its inaugural JOLCO transaction, a landmark financing that reflects the continued evolution of the airline's fleet strategy." This statement emphasizes MUFG's dedication to delivering innovative financing solutions that highlight their deep understanding of the aviation sector and their robust relationships across Japan.

From Viva Aerobus' perspective, this transaction is a crucial milestone in its ongoing strategy to expand and optimize its operational capabilities. Ciprian Rodriguez, the Fleet Executive Director at Viva, shared his insights on the partnership with MUFG and Three i's Capital: "We are pleased to partner with MUFG and Three i's Capital on Viva's first JOLCO transaction, an important milestone in the evolution of our fleet financing capabilities. This transaction broadens the array of funding solutions available to support our fleet growth, while further strengthening our relationship with MUFG as we continue executing our long-term fleet strategy."

The collaboration is not only strategic for Viva but is also seen as significant for Three i's Capital. Masanori Sueoka, the Chief Executive Officer of the investment firm, stated, "This has been a strategically important transaction for us in starting relationships with both Viva and MUFG in a new asset class. We are very pleased with this beginning and look forward to further collaboration with our new partners, as we become a regular participant in aviation leasing."

Three i's Capital, based in Tokyo, Japan, was established in 2014, focusing primarily on shipping, aviation leasing, and Japanese real estate management. Their corporate philosophy revolves around the three “i”s: intelligence, investment, and integrity—endeavors that align with their mission to provide comprehensive investment services while operating with high ethical standards.

Viva Aerobus, a prominent Mexican ultra-low-cost airline, has carved a niche in the airline industry since its inception in 2006. With one of the youngest fleets in the Americas, the airline aims to democratize air travel by offering accessible fares to its consumers. Their commitment to expanding operational capabilities aligns with their vision to offer a better flying experience across various regions, including the United States and Latin America.

MUFG continues to broaden its global operations, providing a vast array of services such as commercial banking, securities, asset management, and leasing. With over 360 years of history and a network comprising approximately 2,000 locations across more than 40 countries, MUFG's goal is to become the world’s most trusted financial group. The firm’s capabilities within aviation financing exemplify its innovative approach and sector-specific expertise, reinforcing its role as a key player in global financial matters.

As both companies move forward, this partnership sets a precedent for future transactions, demonstrating the power of collaboration in enhancing the aviation landscape not only in Mexico but across the global stage.