ORIX Aviation closes first lessor JOLCO with Avolon

ORIX Aviation Systems (ORIX Aviation) has closed a Japanese Operating Lease with a Call Option (JOLCO) transaction with Avolon, which was supported by MUFG acting as lender. James Meyler, ORIX Aviation’s chief executive, remarked: “We are delighted to confirm the closing of our first Lessor JOLCO to Avolon. This transaction is a testament to ORIX Aviation’s strong reputation within the JOL/JOLCO market and further demonstrates our close working relationship with Avolon.” Andy Cronin, Avolon chief executive expressed how excited the firm was to partner with ORIX on its first JOLCO operating lease financing. “This transaction demonstrates our commitment to access