Information

Arrangement of JOL transactions together with FPG AIM

05/10/2016

In April, Financial Products Group Co., Ltd. ("FPG") has successfully closed two aircraft JOLs on lease to a European airline and a European aircraft leasing company together with our affiliated company FPG Asset & Investment Management B.V. ("FPG AIM"). FPG AIM has been playing an important role in vessel and marine container JOLs in the FPG group so far, and is now expected to also contribute significantly to the group in aircraft JOL transactions. FPG AIM, with headquarters in the Netherlands and offices in Singapore and the U.A.E., is accounted for using the equity-method by FPG.

We have started to dispatch employees to FPG AIM on a short-term rotation basis to share know-how and maximize the synergy effects.