(d) Election of New Directors
On May 17, 2019, the Board of Directors (the “Board”) of Aircastle Limited (the “Company”), to the Amended and Restated Shareholder Agreement, dated February 15, 2015, by and between the Company and Marubeni Corporation, appointed Takashi Kurihara to replace Gentaro Toya, who resigned from the Board on such date, as a Class III director until the Annual General Meeting of Shareholders in 2021 or until his office shall otherwise be vacated to the Company’s Bye-Laws. For information regarding the Amended and Restated Shareholder Agreement, please review the relevant disclosures under the heading, “Certain Relationships and Related Party Transactions” in the Company’s 2014 Proxy Statement, filed with the Securities and Exchange Commission (the “SEC”) on April 8, 2014 and the Company’s 2019 Proxy Statement, filed with the SEC on April 4, 2019, which disclosures are incorporated by reference herein. Mr. Kurihara has not been appointed to any Board committees and will not be separately compensated by the Company for his Board service.
Section 8 – Other Events.
On May 21, 2019, the Company announced that the Board increased the authorization to repurchase up to $100 million of the Company\’s common shares from $76 million that was remaining under the existing authorization.
Section 9 – Financial Statements and Exhibits.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Press release dated May 21, 2019
Aircastle LTD ExhibitEX-99.1 2 final-xaircastleannouncesi.htm EXHIBIT 99.1 Exhibit Exhibit 99.1FOR IMMEDIATE RELEASEAircastle Announces Increase in Authorization to Repurchase Sharesand Appointments to Board of DirectorsStamford,…
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About Aircastle Limited (NYSE:AYR)
Aircastle Limited is a holding company. The Company, through its subsidiaries, is engaged in investing in aviation assets, including acquiring, leasing, managing and selling utility commercial jet aircraft. The Company operates through leasing, financing, selling and managing commercial flight equipment segment. The Company’s aircraft portfolio consists of approximately 160 aircraft leased to over 50 lessees located in approximately 30 countries. Its aircraft fleet is managed by a team based in the United States, Ireland and Singapore. The Company’s aircraft portfolio includes passenger narrow-body aircrafts, passenger wide-body aircrafts and freighter aircrafts. The Company has operations in Europe, Asia and Pacific, North America, South America, and the Middle East and Africa. The Company also focuses on making investments in other aviation assets, including debt investments secured by commercial jet aircraft.
