Aircastle Limited (NYSE:AYR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
On January4, 2017, the Board of Directors of Aircastle Limited
(the Company) granted Ron Wainshal, Chief Executive Officer, a
temporary medical leave of absence, effective January6, 2017. In
connection with Mr.Wainshals leave of absence, effective
January6, 2017, the Company Board of Directors appointed Michael
J. Inglese, the Companys Chief Financial Officer, as Acting Chief
Executive Officer. Mr.Inglese will continue to serve as the
Companys Chief Financial Officer.
Mr.Inglese, 55, has served as Chief Financial Officer of the
Company since April 2007. Prior to joining the Company,
Mr.Inglese served as an Executive Vice President and Chief
Financial Officer of PanAmSat Holding Corporation, where he
served as Chief Financial Officer from June 2000 until the
closing of PanAmSats sale to Intelsat in July 2006. Mr.Inglese
joined PanAmSat in May 1998 as Vice President, Finance after
serving as Chief Financial Officer for DIRECTV Japan, Inc. He is
a Chartered Financial Analyst who holds a BS in Mechanical
Engineering from Rutgers University College of Engineering and
his MBA from Rutgers Graduate School of Business Management.
On January5, 2017, Mr.Wainshal issued a message to colleagues,
clients and shareholders informing them of his medical leave of
absence. A copy of his message is attached hereto as Exhibit
99.1.
Section9 Financial Statements and Exhibits
Item9.01 Financial Statements and Exhibits.
(d) Exhibits
| 99.1 |
Message from Ron Wainshal, Chief Executive Officer of Aircastle Limited, which is being furnished hereto to Item5.02. |
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. Aircastle Limited (NYSE:AYR) Recent Trading Information
Aircastle Limited (NYSE:AYR) closed its last trading session down -0.06 at 21.75 with 400,255 shares trading hands.