In a statement, Mitsubishi UFJ Lease & Finance said it has agreed to acquire all of the outstanding equity interests of JSA International Holdings, which operates as aircraft leasing company Jackson Square Aviation, from Oaktree Capital Management for $1.3 billion.

Jackson Square, set up in 2010 with $500 million in seed money from Oaktree, operates a fleet of about 70 aircraft with branch offices in Seattle and Miami as well as in Europe and Asia.