Norton Rose Fulbright advises Airborne Capital on aircraft leasing JV in Japan with Daiwa Securities

: Global law firm Norton Rose Fulbright has advised Airborne Capital Limited (Airborne Capital) on Japanese matters concerning the forming of a joint venture (JV) with Daiwa Securities Group Inc. (Daiwa Securities) in the Japanese aircraft leasing sector.

The new JV is being established to supply Japanese Operating Lease (JOL) products, targeting aircraft as investment assets, and will focus on proposing comprehensive JOL products and lease management opportunities, as well as staff exchange programmes.

Airborne Capital will provide aircraft asset management services, while Daiwa Securities will contribute its customer base, including high-net-worth individuals and corporate clients.

As part of the JV development, Airborne Capital Japan GK - a Japanese subsidiary of Airborne Capital - will undergo a reorganization into a corporation, with Daiwa Securities subsequently acquiring common shares and non-voting preferred shares through a third-party allotment. Airborne and Daiwa Securities will ultimately each own 50% of the company, which will be named Daiwa Airborne Co., Ltd.

The Norton Rose Fulbright team in Tokyo advising Airborne Capital was led by Akihiko Takamatsu, with support from senior associates Yosuke Nomura and Mai Tezuka. 

Akihiko Takamatsu said:

“We were delighted to be able to assist our client Airborne Capital with this highly significant deal, which sees both companies leverage their respective strengths and resources to further enhance their offering in the Japanese aircraft leasing sector.”

“This joint venture is an example of the growing interest in the global aircraft leasing market, which as a result of strong leasing demand has emerged as a compelling investment product for investors.”

Norton Rose Fulbright’s Tokyo office advises prominent Japanese banks, government agencies, shipyards, leasing companies and other financial institutions, airlines, trading houses, utility and energy companies, insurers and other major corporates on a range of legal issues, with a focus on the banking, energy, infrastructure and transport sectors. Its lawyers practice Japanese, English and Belgian law, and regularly work with clients expanding into global markets, including the Americas, Europe, Australia, Southeast Asia, the Middle East and Africa.