STAMFORD, Conn., May 22, 2014 /PRNewswire/ -- Aircastle
Limited (NYSE: AYR) ("Aircastle") announced today the appointment
of Michael J. Cave and Masumi Kakinoki to the company's Board of
Directors, increasing the Board to twelve members.
Until his recent retirement, Michael
Cave served as a Senior Vice President of The Boeing Company
and President of Boeing Capital Corp., the company's financing
arm. Prior to this position, Mr. Cave held a variety of
senior roles including senior vice president of Business
Development and Strategy for Boeing. From 2003 to 2005, Cave was
Vice President and General Manager of Airplane Programs for
Commercial Airplanes. In that position, he oversaw the 737, 747,
767 and 777 programs with a focus on strategy, product development
and business results.
Mr. Kakinoki is currently the President and CEO of Marubeni
America Corporation and is based in New York. Mr. Kakinoki
began his career at Marubeni Corporation in 1980 and has served in
several senior positions including as the Chief Operating Officer
of the Power Projects and Infrastructure Division of Marubeni and
as a Representative Director of Marubeni's Board. He was also
previously the Managing Executive Officer in charge of Marubeni's
Corporate Planning & Strategy Department and has led other
corporate departments of Marubeni.
Ron Wainshal, Aircastle's CEO,
commented, "Having held a number of leadership positions at Boeing
and McDonnell Douglas over a career
that spanned more than 30 years, Mike
Cave brings an extremely valuable perspective to Aircastle
at a time when the industry is evolving rapidly. Kakinoki-san
provides the Company with a broad and high-level international
viewpoint that will be particularly useful given the growing role
of the Asia-Pacific market in our
business. We welcome both to our Board and look forward to
working together."
About Aircastle Limited
Aircastle Limited acquires, leases and sells commercial jet
aircraft to airlines throughout the world. As of March 31, 2014, Aircastle's aircraft portfolio
consisted of 164 aircraft on lease with 65 customers located in 37
countries.
For more information on Aircastle, please visit
www.aircastle.com.
Contact:
Frank Constantinople – SVP, Investor
Relations
Tel: +1-203-504-1063
fconstantinople@aircastle.com
The IGB Group
Leon Berman
Tel: +1-212-477-8438
lberman@igbir.com
SOURCE Aircastle Limited