Aerospace & Transportation Project Division
Major Business Activities
The Aerospace & Transportation Project Division’s mission is to generate solutions by incorporating both railway and marine vehicles businesses and provide new value in line with the needs of the international community. This is based on the trust we have built with aircraft manufacturers, airline companies, and airport operators over our many years working on aircraft business. To achieve this mission, we will move forward with three approaches.
Our first approach is to build a new earnings foundation by expanding the value chain for our aircraft business, utilizing our ample experience acting as Japan sales representative for commercial aircraft companies. This is symbolized by our part-out business, which sells disassembled parts from retired and aged aircraft to airlines and aircraft maintenance companies.
Our second approach is to strengthen our new products and services in addition to our existing aircraft sales and leasing businesses. For example, the demand for business jets is increasing globally with economic development in Asia and the globalization of business. This is because business jets can set flight paths freely, even in regions without scheduled flights, and can therefore drastically shorten travel time. This business environment led the Aerospace & Transportation Project Division to establish a business jet operating company in the US in 2017 to meet growing demand in Asia.
Our third approach is to develop our business centered on airport operation, which installs transportation infrastructure to contribute to regional revitalization in Japan and abroad, including in emerging countries. As the locus of movement for both goods and people, airports and the areas around them serve as commercial gateways. This means we can branch out from airports to set up shopping centers, office buildings, accommodations, and industrial parks in the surrounding areas, in addition to developing secondary modes of transportation, such as railways and marine vehicles. We believe that we can vitalize regional infrastructure in a way that is uniquely Sojitz by leveraging the facility management know-how of other divisions.
Business models supporting value creation
Examples of Activities for Sustained Growth
Conserving resources by promoting reuse of retired aircraft
Amidst heightened concerns about environmental destruction and ecosystem impact from resource mining, finding ways to effectively use resources has become a global issue. This led to the creation of Sojitz Group’s part-out business, whereby we purchase decommissioned passenger aircraft and dismantle them in cooperation with external partners, selling the parts to companies in the aerospace industry.
The part-out business completes our aircraft business value chain, covering the entire aircraft lifecycle, from selling new aircraft to financing, leasing, operation, maintenance, and remarketing. We give new life to decommissioned aircraft using the knowledge and know-how we have acquired as a leading company in the aircraft-related industry. Through this business that contributes to conservation and effective use of resources, we will expand our aircraft aftermarket business to meet the rising demand for aircraft worldwide.
Airport Operating Business
Participation in operations of an international airport to aid sustained development in Palau
Palau receives about 130,000 tourists annually, and with this number on the rise, the country’ s sole international airport, Palau International Airport has grown in importance. To redevelop this national-level transportation infrastructure, Sojitz set up Palau International Airport Corporation together with the government of Palau in August 2017, through an intermediate holding company established jointly by Sojitz and Japan Airport Terminal Co., Ltd. We also concluded a 20-year contract with the government at that time, entrusting us with refurbishing and expanding the airport terminal, as well as managing its operations.
We will leverage our partner company's airport industry knowledge and network, as well as their expertise in managing passenger terminals to enrich commercial facilities and improve passenger services and convenience. We will also take an active role in making policies to promote tourism and strive to contribute to sustainable economic and social development in Palau, where tourism is the key industry.
- Automotive Division
- Aerospace & Transportation Project Division
- Machinery & Medical Infrastructure Division
- Energy & Social Infrastructure Division
- Metals & Mineral Resources Division
- Chemicals Division
- Foods & Agriculture Business Division
- Retail & Lifestyle Business Division
- Industrial Infrastructure & Urban Development Division