Dai-ichi Life Insurance Announces Investment in Aircraft Finance Area
OREANDA-NEWS. The Dai-ichi Life Insurance Company, Limited announces that it has decided to make an investment in aircraft finances as the Company's effort aimed at entering into this new market; the amount is equivalent to approx. 20 million USD.
The aircraft market has growth potential on a global basis, as both passenger demand in developing countries, and replacement demand for aircraft in developed countries, is expanding. The global commercial fleet is expected to grow to double in size from approx. 20,000 airplanes today to approx. 40,000 by 2032. Also the aircraft industry is an area in which Japanese companies have a high level of international competitiveness thanks to their technological capabilities and track records.
The Company will continuously and actively enhance our investments in growth areas and infrastructure sectors such as aircraft finance, while considering profitability and diversification.
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