STAMFORD, Conn., March 27, 2020 /PRNewswire/ -- Aircastle
Limited (NYSE: AYR) ("Aircastle") today announced that it has
completed the previously announced merger with an entity controlled
by affiliates of Marubeni Corporation ("Marubeni") and Mizuho
Leasing Company, Limited ("Mizuho Leasing"). The closing of the
transaction follows the receipt of regulatory approval from all
government authorities required by the merger agreement and
approval by Aircastle's shareholders.
Upon consummation of the merger, pursuant to the terms of the
merger agreement, Aircastle became an affiliate company of MM Air
Limited, an entity controlled by affiliates of Marubeni and Mizuho
Leasing, and Marubeni Aviation Holding Coöperatief U.A. Under the
terms of the merger agreement, Aircastle's shareholders are
entitled to receive $32.00 in cash
for each common share of Aircastle (other than shares already owned
by Marubeni and its affiliates).
"We are pleased to announce the completion of this transaction,
which delivers significant value to our shareholders," said
Peter V. Ueberroth, Chairman of the
Aircastle Board of Directors. "We are excited to continue our
partnership with Marubeni and Mizuho Leasing," added Michael J. Inglese, Chief Executive Officer of
Aircastle.
In connection with the completion of the transaction,
Aircastle's common shares will cease to trade on the New York Stock
Exchange and will be delisted.
About Aircastle Limited
Aircastle Limited acquires, leases and sells commercial jet
aircraft to airlines throughout the world. As of December 31, 2019, Aircastle owned and managed on
behalf of its joint ventures 287 aircraft leased to 85 customers
located in 49 countries.
Contacts:
Aircastle Advisor
LLC
|
The IGB
Group
|
Frank Constantinople,
SVP Investor Relations
Tel:
+1-203-504-1063
fconstantinople@aircastle.com
|
Leon
Berman
Tel:
+1-212-477-8438
lberman@igbir.com
|
Cautionary Statement Regarding Forward Looking
Statements
Certain statements in this press release are forward-looking
statements within the meaning of the federal securities laws,
including the Private Securities Litigation Reform Act of 1995.
Words such as "anticipates," "expects," "intends," "plans,"
"projects," "believes," "may," "will," "would," "could," "should,"
"seeks," "estimates" and variations on these words and similar
expressions are intended to identify such forward-looking
statements.
All statements, other than historical facts, are forward-looking
statements. Such statements are based upon current plans, estimates
and expectations that are subject to risks, uncertainties and
assumptions. Should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those indicated or
anticipated by such forward-looking statements. The inclusion of
such statements should not be regarded as a representation that
such plans, estimates or expectations will be achieved. You should
not place undue reliance on such statements. Important factors that
could cause actual results to differ materially from such plans,
estimates or expectations can be found in Aircastle's reports filed
with the Securities and Exchange Commission (the "SEC"), including
Aircastle's 2019 Annual Report on Form 10-K, which are available on
the SEC's Web site (www.sec.gov).
In addition, new risks and uncertainties emerge from time to
time, and it is not possible for Aircastle to predict or assess the
impact of every factor that may cause its actual results to differ
from those contained in any forward-looking statements. Such
forward-looking statements speak only as of the date of this
document. Aircastle expressly disclaims any obligation to revise or
update publicly any forward-looking statement to reflect future
events or circumstances.
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SOURCE Aircastle Limited