This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Aircastle Appoints Ryusuke Konto And Gentaro Toya To Its Board Of Directors

STAMFORD, Conn., Aug. 6, 2013 /PRNewswire/ -- Aircastle Limited (NYSE: AYR) ("Aircastle") announced today the appointments of Ryusuke Konto and Gentaro Toya to the company's Board of Directors, increasing the Board to 10 members.

The appointments follow the completion of the transaction on July 12, 2013 where Marubeni Corporation ("Marubeni') acquired 12,320,000 common shares of Aircastle's common stock at $17 per share for gross proceeds of approximately $209 million.

Mr. Konto serves as Chairman of Marubeni Aerospace Corporation which specializes in the import and supply of foreign products and parts for the aerospace and defense sectors in Japan.  Mr. Konto has over 25 years of experience in the aviation industry and was Executive Officer of Marubeni Corporation from 2009 to 2011.  

Mr. Toya is the Assistant Advisor to the President for the Transportation Machinery Division, Marubeni Corporation.  With over 25 years of experience in the aviation industry, Mr. Toya served as Senior Operating Officer, Transportation Machinery Division from 2010 to 2012 and as Director, Aerospace & Defense Systems Unit from 2007 to 2009.  

Ron Wainshal, Aircastle's CEO, commented, "Both Mr. Konto and Mr. Toya possess considerable and wide-ranging experience in the global aerospace industry.  They also embody Marubeni's strategic approach to our business and its truly international orientation.  We are very pleased they are joining our Board.   I look forward to their insights and working together with them and their colleagues at Marubeni as partners to benefit from our organizations' respective strengths."    

About Aircastle Limited

Aircastle Limited is a global company that acquires, leases and sells high-utility commercial jet aircraft to airlines throughout the world.  As of June 30, 2013, Aircastle's aircraft portfolio consisted of 158 aircraft on lease with 67 customers located in 36 countries.

For more information on Aircastle, please visit www.aircastle.com

Contact:Frank Constantinople – SVP, Investor RelationsTel: +1-203-504-1063 fconstantinople@aircastle.com

The IGB Group Leon BermanTel: +1-212-477-8438 lberman@igbir.com

SOURCE Aircastle Limited

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs