TOKYO, March 30 (Reuters) - Japanese buying and selling firm Marubeni Corp 8002.T mentioned on Mond
TOKYO, March 30 (Reuters) – Japanese buying and selling firm Marubeni Corp 8002.T mentioned on Monday it had accomplished the acquisition of a U.S. plane lessor Aircastle Ltd, making the acquisition when the airline trade is in disaster because of the world coronavirus pandemic.
The worldwide aviation trade has come virtually to a standstill as measures to halt the unfold of the coronavirus have put roughly three billion individuals on lockdown.
Marubeni, which already owned a 28.8% stake in Aircastle, paid $1.142 billion to boost its stake to 75% below a deal signed in November. Japanese leasing agency Mizuho Leasing Co Ltd 8425.T paid $611 million to take the remaining 25%.
Final week, Marubeni predicted a report internet lack of 190 billion yen ($1.Eight billion) for the yr ending this month, because the coronavirus outbreak drives an unprecedented oil value slide and falls in different commodities.
($1 = 107.5600 yen)
(Reporting by Yuka Obayashi; Enhancing by Edmund Blair)
(([email protected]; +813-4563-2761;))
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.