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Conyers advises Aircastle Limited on its Sale of Common Shares to Marubeni Corporation

July 2013 Jason Piney

Conyers advised Aircastle Limited (NYSE: AYR) on its issuance to Marubeni Corporation (“Marubeni”) of 12,320,000 common shares of Aircastle, representing 15.25% of Aircastle’s issued and outstanding common shares, after giving effect to the issuance, at a price of US$17.00 per share, for gross proceeds of approximately US$209 million. The transaction closed on 12 July 2013.

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.

Conyers’ Jason Piney from the firm’s Bermuda office advised on the transaction, working alongside Skadden, Arps, Slate, Meagher & Flom LLP. Clifford Chance (New York) acted for Marubeni.

 


Jason Piney
Director

Bermuda   +1 441 299 4993


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