Aerolease Aviation signs LOI for 10 MRJs

Dino D'Amore
By Dino D'Amore February 17, 2016 22:05

Aerolease Aviation signs LOI for 10 MRJs

Aerolease Aviation, a Florida-based lessor with a portfolio of 40 used Boeing 757s, signed a letter of intent (LOI) for 10 Mitsubishi Regional Jets (MRJ) plus 10 options.

Aerolease becomes the first lessor to commit to the MRJ. “We firmly believe that the asset value of the MRJ has now been recognized in the aircraft finance market,” Mitsubishi Aircraft Corp. president Hiromichi Morimoto said Tuesday at the Singapore Airshow.

The 10 MRJ90s are slated to start delivering to Aerolease in 2018. Mitsubishi Aircraft expects the LOI to be turned into a definitive agreement “in the next month or so,” VP and GM-sales and marketing Yugo Fukuhara said.

Dino D'Amore
By Dino D'Amore February 17, 2016 22:05