STAMFORD, Conn., Aug. 6, 2013 /PRNewswire/ -- Aircastle
Limited (NYSE: AYR) ("Aircastle") announced today the appointments
of Ryusuke Konto and Gentaro Toya to the company's Board of
Directors, increasing the Board to 10 members.
The appointments follow the completion of the transaction on
July 12, 2013 where Marubeni
Corporation ("Marubeni') acquired 12,320,000 common shares of
Aircastle's common stock at $17 per
share for gross proceeds of approximately $209 million.
Mr. Konto serves as Chairman of Marubeni Aerospace Corporation
which specializes in the import and supply of foreign products and
parts for the aerospace and defense sectors in Japan. Mr.
Konto has over 25 years of experience in the aviation industry and
was Executive Officer of Marubeni Corporation from 2009 to 2011.
Mr. Toya is the Assistant Advisor to the President for the
Transportation Machinery Division, Marubeni Corporation. With
over 25 years of experience in the aviation industry, Mr. Toya
served as Senior Operating Officer, Transportation Machinery
Division from 2010 to 2012 and as Director, Aerospace & Defense
Systems Unit from 2007 to 2009.
Ron Wainshal, Aircastle's CEO,
commented, "Both Mr. Konto and Mr. Toya possess considerable and
wide-ranging experience in the global aerospace industry.
They also embody Marubeni's strategic approach to our business and
its truly international orientation. We are very pleased they
are joining our Board. I look forward to their insights
and working together with them and their colleagues at Marubeni as
partners to benefit from our organizations' respective strengths."
About Aircastle Limited
Aircastle Limited is a global company that acquires, leases and
sells high-utility commercial jet aircraft to airlines throughout
the world. As of June 30, 2013,
Aircastle's aircraft portfolio consisted of 158 aircraft on lease
with 67 customers located in 36 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