July 5, 2019

Mitsubishi Corporation
Narita International Airport Corporation
Japan Airport Terminal Co., Ltd.
JALUX Inc.
Participation in New Ulaanbaatar International Airport Operation Project in Mongolia
Mitsubishi Corporation ("MC"), Narita International Airport Corporation (“NAA”), Japan Airport
Terminal Co., Ltd. ("JATCO"), and JALUX Inc. ("JALUX") announced today that they have establisheda joint venture with the Government of Mongolia: New Ulaanbaatar International Airport LLC(“NUBIA”). NUBIA has entered into a 15-year concession agreement with the National Development
Agency of Mongolia concerning the operation of the New Ulaanbaatar International Airport (the"New Airport"), which is expected to open in the first half of 2020 upon completion of pre-operation
work and relocation from the existing airport.
Demand for air transport in Mongolia is rising, with Ulaanbaatar, its capital and thus most important
political, economic and commercial hub, at the center of growth. In 2018, the number of passengers
utilizing the existing airport reached 1.42 million, up 14% from the previous year. With continued
investment in its abundant coal, mineral and livestock resources, demand for aviation services isexpected to increase further in Mongolia and boost the importance of its airports.
While the New Airport is located approximately 50 km south of Ulaanbaatar city, its newgeographical location enables aircraft to take off and land from both ends of the runway. This is asignificant improvement from the existing airport, where, due to mountains to the south and east,
only one end of the runway can be used and flight schedules are more often adversely impacted
by weather conditions such as wind direction. The New Airport has been realized through an ODA(Official Development Assistance) yen loan provided by the Government of Japan to theGovernment of Mongolia.
In operating the New Airport, NUBIA will strive to improve the convenience of airport services by
optimizing the combined knowledge and expertise of its shareholders: MC has extensive experiencein the construction and management of airports and other infrastructure projects; NAA and JATCO
operate Narita International Airport and the passenger terminal buildings at Haneda Airport
respectively; while JALUX is engaged in airport retail businesses and also has experience managing
overseas airports.. With safety always its top priority, NUBIA will endeavor to improve theconvenience of airport services by taking advantage of the New Airport’s capacity to offer moreroutes and flights, and also increase airport revenues through the development of attractive interminal commercial facilities. Already being heralded as a symbol of bilateral cooperation between
Japan and Mongolia, the New Airport promises to become a familiar stop for citizens of bothcountries and travelers from all over the world, thereby contributing to the sustainable developmentof Mongolia's economy and society.

<Project Overview>
Location: Tuv Province, Mongolia (About 50 km southwest of Ulaanbaatar City)
Ulaanbaatar City

Current Airport

Access roadNational Park

New Ulaanbaatar International Airport

PassengerPhoto: 1.42 mil (1.02 mil.(international) /0.40 mil.(domestic), 2018 in current airport):<Passenger Terminal Building><Flight Test><Reference Information>
1. Mitsubishi Corporation
Head Office: 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan
foundation: July 1, 1954
Main Business : MC is a global integrated business enterprise that is comprised of ten (10)Business Groups: Automotive & Mobility, Natural Gas, Industrial Materials,
Petroleum & Chemicals, Mineral Resources, Industrial Infrastructure, FoodIndustry, Consumer Industry, Power Solution, and Urban Development.
Representative : Takehiko Kakiuchi, President and Chief Executive Officer
URL: www.mitsubishicorp.com

2.

NARITA INTERNATIONAL AIRPORT CORPORATIONHead Office:: NAA-Bldg., Narita Airport, Narita-City, Chiba, japan
foundation: April 1, 2004
Main Business : Establishment and management of Narita International Airport
Representative : Akihiko Tamura, President and Chief Executive Officer
URL: www.naa.jp

3.

Japan Airport Terminal Co., Ltd.
Head Office:: Terminal 1, 3-3-2, Haneda Airport, Ohta-ku, Tokyo, Japan
Establishment : July 20, 1953
Main Business : JATCO’s main lines of business are Terminal Building Management at Haneda
Airport as well as associated Merchandise and Food & Beverage sales.
Representative : Nobuaki Yokota, President and Chief Operating Officer
URL: www.tokyo-airport-bldg.co.jp

4.

JALUX Inc.
Head Office:Establishment
Main Business: Shinagawa Season Terrace, 1-2-70 Konan, Minato-ku, Tokyo, Japan: March 28, 1962
: Aviation & Airport-related business, Life Service Business, Retail Business, Food& Beverage Business
Representative : Masashi Shinohara, Representative Director and Chief Executive Officer
URL: www.jalux.com
5.

About New Ulaanbaatar International Airport LLC
Head Office:: Ulaanbaatar, Mongolia
Establishment : July 1, 2019
Main Business : Operation of New Ulaanbaatar International AirportShareholders: Japan Airport Management LLC:
51.0%
(Special Purpose Company funded by MC, NAA, JATCO and JALUX)
Khushigiin Khundii Airport Stated Owned LLC:49.0%(Special Purpose Company Funded by the Government of Mongolia)<Further media inquiries>
Mitsubishi Corporation
NARITA INTERNATIONAL AIRPORT CORPORATION
Japan Airport Terminal Co., Ltd.
JALUX Inc.

Telephone: +81-3-3210-2171
Telephone: +81-476-34-5096
Telephone: +81-3-5757-8030
Telephone: +81-3-6367-8822