Aircastle Announces Sale Of Common Shares To Marubeni Corporation

      Aircastle Announces Sale Of Common Shares To Marubeni Corporation

PR Newswire

STAMFORD, Conn., June 6, 2013

STAMFORD, Conn., June 6, 2013 /PRNewswire/ --Aircastle Limited (NYSE: AYR)
("Aircastle") announced today that it has entered into a definitive agreement
with Marubeni Corporation ("Marubeni") providing for the issuance of
approximately 15.25% of the Company's common shares, after giving effect to
the issuance, at a price of $17.00 per share, for gross proceeds of
approximately $209 million. The closing of the issuance is expected to occur
during the second or third quarter of 2013, subject to customary closing
conditions.

Ron Wainshal, CEO of Aircastle, commented, "We are delighted to welcome
Marubeni, one of Japan's leading trading companies, as a strategic, long-term
oriented shareholder. With this equity investment, Aircastle will be well
positioned to take advantage of exciting growth opportunities and to leverage
Marubeni's global presence and network to expand into new markets, business
opportunities and funding sources."

In connection with the transaction, Aircastle and Marubeni also entered into a
shareholder agreement that will become effective upon the completion of the
issuance. At such time, Marubeni will have the right to designate two
directors for appointment to Aircastle's board of directors. The shareholder
agreement also contains certain provisions relating to Marubeni's and its
affiliates' ability to transfer and acquire Aircastle's securities.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any of the common shares nor does it constitute an offer,
solicitation or sale in any jurisdiction in which such offer, solicitation or
sale is unlawful.

Safe Harbor

Certain items in this press release and other information we provide from time
to time, may constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 including, but not
necessarily limited to, statements relating to our proposed private placement
of common shares and 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 management's current expectations and beliefs 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 forward-looking statements contained in this press
release. Factors that could have a material adverse effect on our operations
and future prospects or that could cause actual results to differ materially
from Aircastle's expectations include, but are not limited to, capital markets
disruption or volatility, which could adversely affect our continued ability
to obtain additional capital to finance new investments or our working capital
needs; government fiscal or tax policies; general economic and business
conditions or other factors affecting demand for aircraft or aircraft values
and lease rates; our continued ability to obtain favorable tax treatment in
Bermuda, Ireland and other jurisdictions; our ability to pay dividends; high
or volatile fuel prices, lack of access to capital, reduced load factors
and/or reduced yields, operational disruptions caused by political unrest in
North Africa, the Middle East or elsewhere, and other factors affecting the
creditworthiness of our airline customers and their ability to continue to
perform their obligations under our leases; termination payments on our
interest rate hedges; and other risks detailed from time to time in
Aircastle's filings with the Securities and Exchange Commission ("SEC"),
including as previously disclosed in Aircastle's 2012 Annual Report on Form
10-K, and in our other filings with the SEC, press releases and other
communications. 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 press release. Aircastle expressly disclaims any
obligation to release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in its expectations with
regard thereto or change in events, conditions or circumstances on which any
statement is based.

******

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
March 31, 2013, Aircastle's aircraft portfolio consisted of 158 aircraft
leased to 66 lessees located in 36 countries. For more information on
Aircastle, please visit www.aircastle.com.

About Marubeni
Marubeni is a leading Japanese trading company with more than 150 years
history. It is involved in the handling of products and provision of services
in a broad range of sectors across the world, including transportation
machinery. The Company's activities also extend to power projects and
infrastructure, plants and industrial machinery, finance, logistics and
information industry, and real estate development and construction.
Additionally, Marubeni conducts business investment, development and
management on a global level. For more information, please visit
www.marubeni.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

Website: http://www.aircastle.com
 
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