#FIA16: Rockton Signs MRJ90 LOI

Swedish regional aircraft lessor Rockton has signed a letter of intent (LOI) for an order of ten Mitsubishi Regional Jet (MRJ) 90 aircraft. The LOI includes options on a further ten airframes.

Rockton and Mitsubishi Aircraft Corporation will now work together to finalise the deal with first deliveries due to begin in 2020.

Niklas Lund, President, Rockton said, “We find the MRJ airliner to be an exceptional product that will be operating worldwide in a not too distant future. Rockton is, with great anticipation, looking forward to developing and expanding the future operator base in close co-operation with Mitsubishi Aircraft Corporation.  This new aircraft will provide crucial economic benefits to airlines looking to operate in the 70-90 passenger size segment, especially in comparison with current products.  The MRJ fits well into the European market where noise and emission requirements are very stringent.  Furthermore, the long range capability of the aircraft allows regional airlines to open new routes from local airports.”

Hiromichi Morimoto, President, Mitsubishi Aircraft Corporation, commented: “This European lessor order from Rockton will give the MRJ program the burst of momentum to expand customer base in Europe. We are pleased to conclude this LOI with Rockton and to build a strong partnership to market the MRJ in Europe.  We firmly believe that the combination of expertise of Rockton and the state-of-the-art MRJ will create a new path to the European lease financing market and provide a variety of solutions for customers.”

A total of 407 MRJ aircraft have been ordered so far with a further 40 to be added to the orderbook once Mitsubishi Aircraft has signed definitive agreements with Rockton and fellow lessor Aerolease Aviation. That figure consists of 243 firm orders, 180 options and 24 purchase rights.

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