Aircastle Appoints Michael Cave and Masumi Kakinoki to its Board of Directors
STAMFORD, Conn., May 22, 2014
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
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
For more information on Aircastle, please visit www.aircastle.com.
Frank Constantinople – SVP, Investor Relations
The IGB Group
SOURCE Aircastle Limited
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