Aircastle Secures $500 Million Equity Boost For Continued Growth

Monday, July 1, 2024

Aircastle Limited (“Aircastle”) has announced the successful completion of a significant equity commitment from its shareholders, Marubeni Corporation and Mizuho Leasing. This commitment, which totals $500 million, reinforces the company’s strong financial position and strategic growth plans.

Equity Commitment Details

Second Tranche Received

On July 1, 2024, Aircastle received $300 million from its shareholders. This amount represents the second tranche of the $500 million equity commitment, with the first tranche of $200 million having been funded in July 2023.

CEO’s Statement

Mike Inglese, Aircastle’s CEO, expressed his gratitude and confidence in the continued support from the shareholders. “Our shareholders continue to demonstrate their broad confidence in our long-term investment horizon and unique business model. The partnership we have built with Marubeni Corporation and Mizuho Leasing enhances our investment grade rating and expands our access to credit markets. With this capital payment, we look forward to continuing our path to growth.”

Company Overview

About Aircastle Limited

Aircastle Limited is a global leader in acquiring, leasing, and selling commercial jet aircraft to airlines. As of February 29, 2024, the company owned and managed 252 aircraft leased to 75 customers across 43 countries. This diverse portfolio highlights Aircastle’s extensive reach and influence in the aviation industry.

Strategic Partnerships

The partnership with Marubeni Corporation and Mizuho Leasing plays a crucial role in Aircastle’s strategic initiatives. These collaborations not only provide substantial financial backing but also enhance the company’s investment grade rating, facilitating better access to credit markets.

Future Outlook

Growth and Expansion

With the infusion of new equity, Aircastle is well-positioned to pursue further growth and expansion. The additional capital will support the company’s ongoing efforts to acquire, lease, and sell aircraft, maintaining its competitive edge in the aviation market.

Commitment to Excellence

Aircastle remains committed to delivering high-quality services and maintaining strong relationships with its customers and partners. The recent equity commitment is a testament to the company’s solid business model and promising future.

Contact Information

For further information, please contact:

Aircastle Advisor LLC

Jim Connelly, SVP ESG & Corporate Communications

Tel: +1-203-504-1871

Email: [email protected]

Conclusion

The completion of the $500 million equity commitment from Marubeni Corporation and Mizuho Leasing marks a significant milestone for Aircastle Limited. This financial support underscores the shareholders’ confidence in Aircastle’s long-term strategy and business model, setting the stage for continued growth and success in the global aviation industry.