ORIX Aviation announces new office in Dubai and changes to the Board of Directors

ORIX Aviation Systems Limited (“ORIX Aviation”), announced today a number of business updates.

• ORIX Aviation has established a new office in Dubai, situated in the DIFC. CEO of ORIX Aviation Group James Meyler, comments, “with direct flights from Dubai to over 100 countries and 250 cities, Dubai is very well positioned to enable us to service our clients globally and remain in close contact to our shareholder in Japan. The opening of the Dubai office is in response to the continued growth and success of ORIX Aviation’s business.” Chief Commercial Officer of ORIX Aviation Paul O’Dwyer, has relocated from Dublin to Dubai and will play a key role in the development of the new office. The Dubai office will be staffed by a number of ORIX Aviation Group employees relocating from Dublin and Hong Kong. In response to a changing business environment, ORIX Aviation will be closing its office in Hong Kong on 31 March 2022.

• In January 2022, Kiyoshi Fushitani Senior Managing Executive Officer in ORIX Corporation retired from the Group. A valued member of the ORIX Aviation and Avolon Boards, Fushitani held a number of roles within the ORIX Group, including, Head of East Asia Business Headquarters and Head of Global Transportation Services. In response to these changes, Ryujiro Tokuma, who has succeeded Fushitani in the role of Head of Global Transportation Services Headquarters for ORIX Corporation has joined the ORIX Aviation board and James Meyler has joined the Avolon board. The changes to the ORIX Aviation and Avolon boards became effective on the 11th January 2022.