Home > ORIX Story > ORIX, ORIX Aviation Systems LCC (low-cost carrier) that surprised the world at a shocking price, such as "Tokyo-Sapporo is 5,990 yen one way" and "Osaka-Taiwan is 7,980 yen one way". Nowadays, we often hear news about the airline industry, such as major airlines expanding new routes. It is a good story for travelers and business people to reduce fares and increase new routes. Aircraft leasing plays a role in this. Many people think that all airlines own aircraft. However, each aircraft costs billions to more than 10 billion yen. If an airline wants to increase flights or change the size of its aircraft, it's not so easy to buy. Leasing, on the other hand, does not require the airline to prepare a large amount of purchase funds at one time because the leasing company purchases the aircraft and rents it to the airline. Since it can be used only for the required period, it can respond flexibly to changes in the environment. By 2020, it is predicted that about half of the aircraft flying in the world will be leased aircraft, making leasing an integral part of the aviation industry. In fact, we started the aircraft leasing business in 1978, when finance leasing for aircraft became popular. However, not everything has been smooth sailing since the start of the business. Approximately 25 years ago, a large-scale business talk was concluded, and the Gulf War broke out when more than 20 new aircraft were ordered from an aircraft manufacturer, and the aircraft market deteriorated significantly. I struggled to find a borrower for each aircraft, and the borrower I found went bankrupt after the contract, and this time I struggled to recover the aircraft. Then, the members at that time ran around the world, struggling to find the next borrower. To survive such a crisis, in 1991, the day after the Gulf War broke out, we established a company specializing in aircraft leasing in Dublin, Ireland. I chose this place because it is the birthplace of aircraft leasing and that is why the world's number one aircraft professionals gather. While some other companies in the same industry withdrew in the midst of headwinds, we continued our business without giving up. By accumulating a wide range of know-how such as credit judgment and technical expertise on aircraft, as well as finding aircraft borrowers, we will be able to lease not only new aircraft but also used aircraft that require know-how and sell parts. became. Here, too, our DNA of wanting to create new value is firmly rooted. Currently, it is said that the number of aircraft used by major Japanese airlines is about 200, but we own and manage about 150 aircraft and lease them to airlines around the world. According to a market forecast survey by Boeing, the number of aircraft flying in the world will double in 20 years. From a financial standpoint, we will continue to support air travel. Related Links Aircraft / ship related business ORIX Aviation Systems Limited Go to ORIX Story Page TOP Business / service introduction Corporate financial services Automobile related services Real estate related services Environmental energy service Financial services for individuals Financial services for overseas Other services Corporate information top message Corporate philosophy company overview Officer information History List of group companies Corporate governance Human resources strategy Introduction of advertisement Investor information Latest financial statements Financial highlights IR reference room Business segment To individual investors To Bond Investors Latest information IR event Stock information List of analysts Electronic public notice Precautions Sustainability For a sustainable society, organization and environment Environmental activities Social Contribution Activities ( Orix Miyauchi Foundation) news release Employment information site policy privacy policy Solicitation policy Basic policy for antisocial forces