Aircastle Limited (NYSE: AYR) has announced the completion of a merger with a Marubeni Corporation and Mizuho Leasing, the company said.
The closing of the transaction follows the receipt of regulatory approval from all government authorities required by the merger agreement and approval by Aircastle´s shareholders.
Upon consummation of the merger, pursuant to the terms of the merger agreement, Aircastle became an affiliate company of MM Air Limited, an entity controlled by affiliates of Marubeni and Mizuho Leasing, and Marubeni Aviation Holding Coöperatief U.A. Under the terms of the merger agreement, Aircastle´s shareholders are entitled to receive USD 32 in cash for each common share of Aircastle.
Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of December 31, 2019, Aircastle owned and managed on behalf of its joint ventures 287 aircraft leased to 85 customers located in 49 countries.