Marubeni to enter into Aircraft Operating Lease Business

Dec. 09. 2010
Marubeni Corporation

Tokyo, Japan, December 9, 2010 - Marubeni Corporation (“Marubeni”) has signed an agreement with Deucalion Limited (“Deucalion”) to jointly establish a company in Singapore to invest into aircraft assets. Deucalion is an aviation investment fund managed and operated by DVB Bank SE.
The 50:50 Joint Venture company MD Aviation Capital Pte. Ltd. (“MDAC”) plans to invest in approximately 20 aircraft within the next two years, and aims to further expand its investment in the future. MDAC will also manage its aircraft assets.
The aviation industry is expected to show steady growth in the long term, due to increasing demand in emerging countries, accelerating borderless economic activities, and world-wide deregulations. Consequently, aircraft operating lease requirement is also expected to grow in the future.
Marubeni is a General Trading Company involved in world-wide activities in wide-ranging business fields. In the aviation sector, Marubeni has extensive experience in providing sales agency services for commercial aircraft, business jets and engines, investment in engine development programs, and various other services including aircraft components, airport ground handling services, etc. By entering into aircraft operating lease business, and strengthening its comprehensive range of services to airlines around the world, Marubeni intends to make further contribution to the aviation industry.

MD Aviation Capital Pte. Ltd.
Name of the Company     : MD Aviation Capital Pte. Ltd.
Location                         : Republic of Singapore
Incorporation                   : May 2010
Business                        : Investment and management of Aircraft Assets

Name of the Company     : DVB Bank SE
Head Office                     : Federal Republic of Germany
Incorporation                   : 1923
Business                        : Merchant bank dedicated to aviation, shipping and rail industries
Total Equity                    : EUR1,057mil (Dec 2009)
No. of employees            : 564 (Dec 2009)