Aircastle Limited (NYSE: AYR) has announced the commencement of a public offering of 7,887,029 common shares by Ontario Teachers´ Pension Plan, the company said.
Aircastle will not receive any proceeds from the sale of the shares by the Selling Shareholder.
Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as underwriters for the offering. The underwriters intend to offer the shares to the public at a fixed price, which may be changed at any time without notice.
Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of March 31, 2018, Aircastle owned and managed on behalf of its joint ventures 234 aircraft leased to 81 customers located in 44 countries.