Watson Farley & Williams (“WFW”) advised MUFG Bank, Ltd. (“MUFG”) on the financing of two Boeing 737 MAX-8 aircraft for South Korean low-cost carrier Jeju Air Co., Ltd. (“Jeju Air”). The aircraft were delivered in June and July 2025.
Jeju Air’s obligations under the leases are supported by an Aircraft Non-Payment Insurance (“ANPI”) policy structured by Itasca MGA (UK), providing risk mitigation for MUFG.
MUFG Bank is Japan’s largest bank and the core banking subsidiary of Mitsubishi UFJ Financial Group, one of the world’s leading financial institutions with a global network spanning over 40 countries. Jeju Air is a leading South Korean low-cost carrier, with a fleet of more than 40 aircraft.
The WFW Tokyo Aviation team that advised was led by Assets & Structured Finance Partner Simon Collins, supported by Counsel Christian Orton and Paralegal Saira Oshiro.
Simon commented: “We’re pleased to have advised MUFG on this strategic financing for Jeju Air, which underscores the aviation sector’s resilience and growth across the Asia-Pacific region”.