STAMFORD, Conn., Oct. 3, 2017 /PRNewswire/ -- Aircastle
Limited (NYSE: AYR) (the "Company" or "Aircastle") announced today
an agreement to acquire 20 narrow-body aircraft from SMBC Aviation
Capital, one of the world's leading aircraft leasing
companies. The aircraft are on lease with thirteen
airlines across the globe.
Mike Inglese, Aircastle's CEO,
commented, "We are pleased to have reached an agreement to acquire
these high-quality aircraft on lease to a geographically diverse
group of airlines, demonstrating our unique ability to find
attractive growth opportunities throughout the cycle. We appreciate
the opportunity to work with SMBC Aviation Capital to further
optimize our fleet mix with the addition of these in-demand,
current generation A320s and 737NGs. By continuing to execute our
prudent, disciplined investment strategy and maintaining
significant financial flexibility, Aircastle is well positioned to
achieve steady and profitable growth."
Peter Barrett, CEO, SMBC Aviation
Capital added, "We are very pleased to have reached agreement with
Aircastle on this deal which is testament both to the quality of
our portfolio and our ability to handle transactions of scale. It
is also further evidence that we are delivering on our stated
strategy of actively trading and managing our portfolio, enabling
us to maintain one of the youngest fleets in the industry."
About Aircastle Limited
Aircastle Limited acquires, leases and sells commercial jet
aircraft to airlines throughout the world. As of June 30, 2017, Aircastle owned and managed on
behalf of its joint ventures 203 aircraft leased to 71 customers
located in 38 countries. For more information on Aircastle, please
visit https://www.aircastle.com/.
About SMBC Aviation Capital
SMBC Aviation Capital is one of the world's leading aircraft
lessors, with c. 100 airline customers in 41 countries. At
31 March 2017, the company owns,
manages and is committed to purchase 670 aircraft.
Established in 2001, the company rebranded to SMBC Aviation Capital
in 2012 following its acquisition by a consortium comprising two of
Japan's biggest companies SMFG and
Sumitomo Corporation. For further information go to
https://www.smbc.aero/.
Contact:
|
|
Aircastle Advisor
LLC
|
The IGB
Group
|
Frank Constantinople,
SVP Investor Relations
|
Leon
Berman
|
Tel:
+1-203-504-1063
|
Tel:
+1-212-477-8438
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fconstantinople@aircastle.com
|
lberman@igbir.com
|
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SOURCE Aircastle Limited