M'bishi UFJ Lease to buy U.S. aircraft lease firm for $1.3 bln

TOKYO, Oct 4 (Reuters) - Mitsubishi UFJ Lease & Finance Co

said on Thursday it plans to buy U.S. aircraft leasing firm Jackson Square Aviation, owned by Oaktree Capital Group LLC, for about 100 billion yen ($1.3 billion).

Mitsubishi UFJ Lease said that it will use cash on hand and new loans to finance the acquisition, scheduled to take place in December. ($1 = 78.5300 Japanese yen)

(Reporting by Tokyo Newsroom; Editing by Edwina Gibbs)

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Keywords: JACKSONSQUARE MUFJ LEASE/