Aircastle to acquire 20 narrow-body aircraft from SMBC Aviation Capital

Aircastle Limited (NYSE: AYR) has announced an agreement to acquire 20 narrow-body aircraft from SMBC Aviation Capital, one of the world´saircraft leasing companies, the company said.

The aircraft are on lease with thirteen airlines across the globe.

Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of June 30, 2017, Aircastle owned and managed on behalf of its joint ventures 203 aircraft leased to 71 customers located in 38 countries. For more information on Aircastle, visit https://www.aircastle.com/.

SMBC Aviation Capital is one of the world´saircraft lessors, with c. 100 airline customers in 41 countries. At 31 March 2017, the company owns, manages and is committed to purchase 670 aircraft. Established in 2001, the company rebranded to SMBC Aviation Capital in 2012 following its acquisition by a consortium comprising two of Japan´s biggest companies SMFG and Sumitomo Corporation. For further information go to https://www.smbc.aero/.