Mitsubishi HC Capital’s aviation businesses full year profit rises

Mitsubishi HC Capital’s aviation businesses saw a gross profit of 49.1bn yen ($317.1 million) in its full financial year results, up 15.5% from 33.6bn yen ($216.98 million) in the previous financial year. Its aviation sector includes Engine Lease Finance Corporation (ELFC) Jackson Square Aviation (JSA). Its gross profit increased due to “an increase in leasing revenues associated with market recovery, increased assets, the improvement of engine utilisation rates” and a “decrease in impairment losses,” Mitsubishi HC Capital said. Its segment assets increased to 2.02 trillion yen ($13.02bn) at the end of the financial year, up from 1.64 trillion yen ($10.6bn)