Aircastle

Aircastle Limited
Company typeSubsidiary
NYSE: AYR
IndustryCommercial Aircraft Sales and Leasing
Founded2005; 19 years ago (2005)
HeadquartersStamford, Connecticut, United States
Number of locations
3
Area served
Worldwide
Key people
Michael Inglese (CEO)
Aaron Dahlke (CFO)
ServicesCommercial Aircraft Leasing and Sales
RevenueIncrease US$796 Million (FY 2017)[1]
Increase US$400.7 Million(FY 2017)[1]
Increase US$147.9 Million (FY 2017)[1]
Total assetsIncrease US$7.2 Billion (FY 2017)[1]
Total equityIncrease US$1.9 Billion (FY 2017)[1]
Number of employees
Approximately 100
ParentMarubeni and Mizuho Leasing
WebsiteAircastle.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]

As of September 30, 2019, 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][5]

On November 6, 2019, Aircastle reached a merger agreement with Marubeni and Mizuho Leasing at a price of US$32 per share, for a company valuation of US$7.4 billion; Marubeni was previously Aircastle's largest shareholder.[6] The acquisition was completed on March 27, 2020.[5]

References

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