MUFG Structures Viva Aerobus’s Inaugural JOLCO for May 2026 A321neo Delivery
MUFG•Mitsubishi UFJ Financial Group acted as sole structuring agent and lender in a Japanese Operating Lease with Call Option facility underwriting Viva Aerobus’s first JOLCO, with Three i’s Capital as equity underwriter. The transaction funded a May 2026 delivery of an Airbus A321neo, marking a milestone in Viva’s fleet strategy.
1. Deal Details
MUFG acted as sole structuring agent and lender for a Japanese Operating Lease with Call Option facility arranged for Viva Aerobus, with Three i’s Capital serving as equity underwriter. The financing supported the May 2026 delivery of an Airbus A321neo, representing Viva’s first aircraft JOLCO transaction.
2. Strategic Importance for MUFG
This landmark transaction leverages MUFG’s aviation origination expertise, expanding its suite of lease financing solutions and reinforcing its position in global aircraft funding. Acting as sole lender, MUFG showcases its capacity to structure complex asset-based deals in collaboration with Japanese institutional investors.
3. Implications for Viva Aerobus and Three i’s Capital
Viva Aerobus secures diversified capital for fleet growth through its inaugural JOLCO, enhancing its low-cost carrier expansion strategy. Meanwhile, Three i’s Capital enters the aviation leasing market, establishing a new investment avenue and paving the way for future collaborations with MUFG and global airlines.
