STAMFORD, Conn., Feb. 18, 2016 /PRNewswire/ -- Aircastle Limited
("Aircastle") (NYSE: AYR) announced today that it formed an
aircraft leasing joint venture with IBJ Leasing Co., Ltd.
("IBJL'"), a Japanese general leasing company which is part of
Mizuho Financial Group.
The joint venture, which will be serviced by Aircastle, will
target investments in newer narrow-body aircraft leased to premier
airlines. It is expected the joint venture will purchase its first
two aircraft from Aircastle and that future aircraft investments
will be acquired directly. Aircastle will own 25% of the joint
venture.
Ron Wainshal, Aircastle's Chief
Executive Officer, commented, "We are excited to work together with
IBJL to target a new market opportunity and expand Aircastle's
range of offerings to our customers around the world. This new
venture is another example of the benefits arising from our
strategic relationship with Marubeni Corporation."
About Aircastle Limited
Aircastle Limited acquires, leases and sells commercial jet
aircraft to airlines throughout the world. As of December 31, 2015, Aircastle's aircraft portfolio
consisted of 162 aircraft on lease with 53 customers located in 34
countries.
Safe Harbor
All statements included or incorporated by reference in this
Press Release (this "Release"), other than characterizations of
historical fact, are forward-looking statements within the meaning
of the federal securities laws, including the Private Securities
Litigation Reform Act of 1995. Examples of forward-looking
statements include, but are not necessarily limited to, statements
relating to our ability to acquire, sell, lease or finance
aircraft, raise capital, pay dividends, and increase revenues,
earnings, EBITDA, Adjusted EBITDA and Adjusted Net Income and the
global aviation industry and aircraft leasing sector. 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. These
statements are based on our historical performance and that of our
subsidiaries and on our current plans, estimates and expectations
and are subject to a number of factors that could lead to actual
results materially different from those described in the
forward-looking statements; Aircastle can give no assurance that
its expectations will be attained. Accordingly, you should not
place undue reliance on any such forward-looking statements which
are subject to certain risks and uncertainties that could cause
actual results to differ materially from those anticipated as of
the date of this Release. These risks or uncertainties include, but
are not limited to, those described from time to time in
Aircastle's filings with the SEC and previously disclosed under
"Risk Factors" in Item 1A of Aircastle's 2015 Annual Report on Form
10-K, and elsewhere in this Release. 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 Release. Aircastle expressly disclaims
any obligation to revise or update publicly any forward-looking
statement to reflect future events or circumstances.
Contact:
|
|
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
|
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SOURCE Aircastle Limited