Aircastle Explained

Aircastle Limited
Type:Subsidiary
Location:Stamford, Connecticut, United States
Locations:3
Area Served:Worldwide
Key People:Michael Inglese (CEO)
Aaron Dahlke (CFO)
Industry:Commercial Aircraft Sales and Leasing
Services:Commercial Aircraft Leasing and Sales
Revenue: US$796 Million (FY 2017)[1]
Operating Income: US$400.7 Million(FY 2017)
Net Income: US$147.9 Million (FY 2017)
Assets: US$7.2 Billion (FY 2017)
Equity: US$1.9 Billion (FY 2017)
Num Employees:Approximately 100
Parent:Marubeni and Mizuho Leasing
Homepage:Aircastle.com

Aircastle Limited is an aircraft leasing company that acquires, leases and sells commercial jet aircraft to airlines around the world. It has its headquarters in Stamford, Connecticut, with offices in Dublin and Singapore. Aircastle was incorporated on October 29, 2004.[2]

, Aircastle owns and managed 277 aircraft leased to 87 lessees located in 48 countries.[3]

From August 2006 to March 2020, Aircastle traded on the New York Stock Exchange under the ticker symbol AYR.[4]

On November 6, 2019, Aircastle reached a merger agreement with Marubeni and Mizuho Leasing at a price of per share, for a company valuation of billion; Marubeni was previously Aircastle's largest shareholder.[5] The acquisition was completed on March 27, 2020.[6]

References

  1. Web site: Aircastle (AYR) 10-K annual SEC report . December 12, 2018.
  2. Web site: Aircastle Ltd. June 13, 2020. Bloomberg.
  3. Web site: Schott. Paul. November 12, 2019. Stamford-based Aircastle to lease planes to KLM. June 13, 2020. Stamford Advocate.
  4. Web site: Aircastle's Head In The Clouds. August 4, 2006. June 13, 2020. Forbes. en.
  5. Web site: Marubeni : and Mizuho Leasing to acquire remaining shares of Aircastle Limited. November 6, 2019. June 13, 2020. MarketScreener. en.
  6. Web site: Aircastle Limited Completes Merger with Affiliates of Marubeni and Mizuho Leasing. March 27, 2020. June 13, 2020. Bloomberg.

External links