Japan’s Orix to spend $1bn to buy more than 50 planes for leasing #JapanFinance

TOKYO — Financial service group Orix will invest more than 150 billion yen ($1 billion) to expand its fleet of aircraft for leasing operations, seeking to tap growing demand for planes amid a recovery in global travel.

The company will purchase more than 50 aircraft, mostly small and mid-sized used planes, over the next three years to double the fleet to over 100.