Aircastle reports passive foreign investment statement for 2019

Aircastle Limited (NYSE: AYR), a PFIC (passive foreign investment statement) has announced it has posted its 2019 PFIC Annual Information Statement to its website, the company said.

Aircastle is considered a PFIC for US Federal income tax purposes through 2019 and expects to be treated as a PFIC for the foreseeable future.

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.