STAMFORD, Conn.,
June 12, 2017 /PRNewswire/ --
Aircastle Limited (the "Company" or "Aircastle") (NYSE: AYR)
announced today that Ron Wainshal
will step aside to focus on his health and recovery and
Michael J. Inglese has been named
Chief Executive Officer and was appointed to the Board of
Directors.
"Ron has brilliantly led the Company for the past
twelve years, creating a uniquely positioned industry leader
focused on driving value for our shareholders in a global and
ever-evolving industry," said Peter V. Ueberroth, Aircastle's Chairman of the
Board, speaking on behalf of the Board. "Ron is a highly
respected leader in our industry, who is beloved by the entire
Aircastle family. The Board is extraordinarily proud of the
business he built and wishes him every blessing that he so richly
deserves."
"After consulting with my family and medical team, I
concluded that I need to step aside to focus on a speedy recovery
and my long-term health," said Mr. Wainshal. "My family and I
are grateful for all the thoughts, prayers and support from our
friends and colleagues, both within and beyond the aviation
business, during a difficult time, and I am honored to have
been given the opportunity to lead Aircastle over a decade. I
would like to thank Mike and the team for their excellent work
while I was on leave.
"Aircastle is a unique company that can source attractive
aviation investments all over the world, using a flexible,
long-term funding structure. I believe they can continue
growing and evolving successfully under this new capable leadership
team, with which I have had the pleasure of working."
Mr. Inglese has served as Chief Financial Officer since 2007 and
more recently as Acting Chief Executive Officer since Mr. Wainshal
began his medical leave of absence in January 2017. As a
consequence of Mr. Inglese's new appointment, the Board also
promoted Aaron Dahlke, to Chief
Financial Officer and Interim Chief Accounting Officer of the
Company. Mr. Dahlke has been Chief Accounting Officer of the
Company since 2005. Roy
Chandran has also been promoted to EVP, Corporate Finance
& Strategy and will report to the CEO. These management
changes are effective immediately.
Commenting on the leadership changes, Mr. Ueberroth stated,
"In Mike Inglese, the Company has an outstanding leader who,
with Aircastle's deep bench and world-class management team, will
lead the Company into its next chapter."
"I am honored and privileged to have had the opportunity to work
under Ron's leadership for the past decade and look forward to
continuing Aircastle's mission of creating value for our
investors," said Mike Inglese.
"On behalf of myself and the entire Aircastle family, we wish Ron
the best success on his road to a full recovery."
Separately, the Company announced that Takayuki Sakakida has been appointed by the
Board to replace Ryusuke Konto, as
one of Marubeni's designees on the Board of Directors. Mr.
Konto has served on the Board of Directors since August,
2013. Mr. Ueberroth stated, "We are grateful for Mr. Konto's
thoughtful and dedicated service on the Board and we welcome Mr.
Sakakida along with his deep industry experience and insight."
About Aircastle Limited
Aircastle Limited acquires, leases and sells commercial jet
aircraft to airlines throughout the world. As of March 31, 2017, Aircastle owned and managed on
behalf of its joint ventures 213 aircraft leased to 72 customers
located in 37 countries.
Contacts:
|
|
Aircastle Advisor LLC
|
The IGB
Group
|
Frank Constantinople, SVP Investor
Relations
|
Leon
Berman
|
Tel: +1-203-504-1063
|
Tel:
+1-212-477-8438
|
fconstantinople@aircastle.com
|
lberman@igbir.com
|
For more information on Aircastle, please
visit
www.aircastle.com.
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SOURCE Aircastle Limited