Japan's Marubeni will re-enter the commercial aircraft business for the first time since it lost its position as sales agent for Lockheed aircraft in the 1970s.
The company has reached a basic agreement with the administrator of failed Okura & Co to buy the agency rights of Okura's aerospace division.
Marubeni and the administrator plan to finalise details of the agreement by the end of September, a Marubeni spokesman says.
Source: Flight Daily News