Mitsubishi UFJ Financial Group (MUFG), a large global financial groups, arranged a Japanese Operating Lease with Call Option (JOLCO) facility for Viva Aerobus, with Three I’s Capital. The transaction marks Viva’s first JOLCO and Three i’s Capital’s first investment into an aircraft JOLCO.
MUFG acted as the sole structuring agent and lender, and Three i’s Capital acted as equity underwriter. The facility supported a May 2026 delivery of an A321neo.
“We are delighted to support Viva on its inaugural JOLCO transaction, a landmark financing that reflects the continued evolution of the airline’s fleet strategy,” Aqmar Chowdhury, deputy head of aviation origination, Americas at MUFG, said. “The transaction demonstrates MUFG’s ability to deliver breakthrough solutions, leveraging our aviation expertise and strong relationships across Japan.”
Ciprian Rodriguez, fleet executive director at Viva Aerobus, added, “We are pleased to partner with MUFG and Three i’s Capital on Viva’s first JOLCO transaction, an important milestone in the evolution of our fleet financing capabilities. This transaction broadens the array of funding solutions available to support our fleet growth, while further strengthening our relationship with MUFG as we continue executing our long-term fleet strategy.”
Masanori Sueoka, CEO of Three i’s Capital, said, “This has been a strategically important transaction for us in starting relationships with both Viva and MUFG in a new asset class. We are very pleased with this beginning and look forward to further collaboration with our new partners, as we become a regular participant in aviation leasing.”
