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.