MRO Japan and Airborne Capital have entered into a Memorandum of Understanding (MoU) to form a strategic partnership to enhance MRO Japan’s end-of-lease offerings for select clients in Japan and across parts of Asia.
Under the MoU, MRO Japan and Airborne Capital will jointly offer the complete suite of advisory services including records review, supply chain management, and project planning for end-of-lease transitions. Building on its many years of experience in the aircraft leasing and asset management market, Airborne Capital will contribute project management and technical capabilities supported by AI technologies, while MRO Japan will focus on providing MRO expertise and regional market access.
End-of-lease transitions represents complex transactions involving multiple stakeholders, with significant financial implications for airlines. According to IBA’s Redelivery Survey 2023, airlines face average unplanned cost overruns of approximately $2 million for narrowbody aircraft transitions and up to $4.5 million for widebody aircraft transitions.
“We are very excited about this strategic partnership with Airborne Capital and are committed to achieving success together in the growing end-of-lease market in the region,” said Yasufumi Yukawa, CEO of MRO Japan.
Ramki Sundaram, CEO of Airborne Capital, added: “This strategic partnership reflects our continued commitment to Japan and further demonstrates the breadth of services and capabilities Airborne Capital offers to support our customers.”