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Business deals

Aircraft leasing offers new course for Mizuho and Marubeni

Megabank teams up with trading house to cultivate China and Southeast Asia

San Francisco-based Jackson Square Aviation, a full-service aircraft leasing company, was acquired by Mitsubishi UFJ Lease & Finance in 2013. Japanese banking groups are expanding their aircraft lease operations.

TOKYO -- Japanese megabank Mizuho Financial Group and major trading house Marubeni are joining forces in the leasing business, eyeing opportunities in places like China and Southeast Asia.

The pair sees growth potential in leasing aircraft, renewable energy equipment and vehicles for car sharing, particularly in emerging economies where incomes are rising.

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