Rockton signs LOI with Mitsubishi Aircraft for purchase of up to 20 MRJ – First European company and second lessor in MRJ program to select the MRJ

11 Jul 2016

FARNBOROUGH, Hampshire, England, July 11, 2016

Mitsubishi Aircraft Corporation and Rockton AB, a regional aircraft
leasing company based in Sweden, announced today the entering into
a Letter of Intent (LOI) for an order of ten firm MRJ90 aircraft with an
option for an additional ten MRJ90 aircraft. Based on this LOI, the
companies will move forward to conclude a definitive agreement in the
near future. The LOI testifies to the high regard in which Rockton holds
the Mitsubishi Regional Jet (MRJ), the next-generation regional jet.
Rockton is the first European company and second lessor in MRJ
program to select the MRJ. Deliveries to Rockton are scheduled to
commence 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 cooperation
with Mitsubishi Aircraft Corporation. The MRJ is a game
changer. Efficient clean-sheet design, unrivalled passenger comfort
and new state-of-the-art Pratt & Whitney PW1200G engines herald the
future of regional air travel. 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. We are thrilled to work closely with an OEM like Mitsubishi
Aircraft Corporation with its long and solid standing within the
aerospace industry.”

“This European lessor order from Rockton will give the MRJ program
the burst of momentum to expand customer base in Europe,” said
Hiromichi Morimoto, President, Mitsubishi Aircraft Corporation. “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.”

Thus far, 407 MRJ aircraft are on order and 40 will be added to its
order book when Mitsubishi Aircraft signs a definitive agreement with
Rockton and Aerolease Aviation. The total of 447 MRJ aircraft include
243 firm orders with 180 options and 24 purchase rights.

Mitsubishi Aircraft anticipates demand of about 5,000 aircraft in the
regional jet market over the next twenty years. Demand for regional
aircraft is expected to increase for both airlines and leasing companies.
This LOI with Rockton, the second lessor following Aerolease Aviation,
enables the company to accelerate sales efforts in the regional jet
market. Mitsubishi Aircraft remains firmly committed to the success of
the MRJ program as well as the growth of Japan’s aviation industry.

About Rockton AB
Rockton is a regional passenger aircraft leasing company with a long
history of helping airlines grow their business in a flexible and
financially effective manner. The focus is on the most efficient regional
aircraft types, which are typically made available on operating leases.
Rockton has been operating since 1998 and is headquartered in
Stockholm, Sweden.

About MRJ
Mitsubishi Regional Jet is a family of 70~90-seat next-generation
aircraft featuring the Pratt & Whitney’s revolutionary PurePower®
engine and state-of-the-art aerodynamics to drastically reduce fuel
consumption, noise, and emissions, while offering top-class operational
benefits, an outstanding cabin designed for heightened passenger
flying comfort with large overhead bins. The MRJ carried out the first
flight on November 11, 2015.