Viva Aerobus secured its inaugural Japanese Operating Lease with Call Option (JOLCO) facility for an Airbus A321neo delivered in May 2026, preserving liquidity amid tight cash conditions. Mitsubishi UFJ Financial Group acted as sole structuring agent and lender, with Three i’s Capital serving as equity underwriter. The transaction covers 100% of the aircraft’s capital cost, introducing a new asset-backed funding model to Mexico’s aviation sector and diversifying Viva’s financing beyond traditional leases or loans. This debut JOLCO marks the airline’s first use of the Japanese lease structure, which leverages tax-advantaged capital from Asia now emerging in Latin America.