Exploration & Production
Mitsubishi Corporation subsidiary completes operating-lease contract with Jetstar Japan
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MC Aviation Partners Inc. (MCAP), a wholly-owned subsidiary of Mitsubishi Corporation (MC), has successfully completed an operating-lease contract with Jetstar Japan for five Airbus A320-200 type aircraft.
The A320-200 type aircraft is a highly fuel efficient small passenger plane. Its wide cabin also allows passengers to board and alight quickly, enabling swift turnaround times. These features render the aircraft, together with the Boeing B737-800 type, highly suited to the low fare business model in which the optimization of operating costs is essential. MCAP will deliver five new A320-200 aircraft to Jetstar Japan towards the end of March 2014.
The global air transport market is expected to see continuous growth against the backdrop of substantial economic growth in emerging…
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