STAMFORD, Conn., Sept. 12,
2016 /PRNewswire/ -- Aircastle Limited (NYSE: AYR)
("Aircastle") announced today that it delivered one Airbus A330-200
aircraft on long-term lease to Aerolíneas Argentinas, the
first of two deliveries which will support Aerolíneas' fleet
modernization. This aircraft is a modern wide-body configured
to meet Aerolíneas Argentinas' long-haul requirements and features
the airline's new cabin interior with lie-flat seats in business
class. It will be used to replace older, less fuel-efficient
aircraft. A second Airbus A330-200 is scheduled to be
delivered in January 2017.
Commenting on the transaction, Ron
Wainshal, Aircastle's CEO, stated, "Aircastle's flexible,
relationship-oriented approach and our strategy to invest in
creative and innovative structures add considerable value to both
our client partnerships and Aircastle's shareholders. We are
looking forward to a long relationship with Aerolíneas, one of
Latin America's premier
carriers."
Isela Costantini, Aerolíneas'
CEO, stated, "This transaction is historical for Aerolíneas due to
the unprecedented conditions reached. The effort of a great
team, as well, allows us today to celebrate the arrival of this new
group of Airbus A330-200 aircraft, which maintains our focus on
sustainability and allows us to transport more passengers and offer
a better service every day."
About Aircastle Limited
Aircastle Limited acquires, leases and sells commercial jet
aircraft to airlines throughout the world. As of June 30, 2016, Aircastle owned and managed on
behalf of its joint ventures 179 aircraft leased to 63 customers
located in 35 countries.
About Aerolíneas Argentinas
Founded in 1950, Aerolíneas Argentinas is one of the leading
companies in South America. From
its bases in the Aeroparque Jorge Newbery and Ezeiza International
Airport in Buenos Aires,
Aerolíneas Argentinas flies to 24 international destinations in
America and Europe. Along with
Austral Lineas Aereas, Aerolíneas Argentinas operates flights to 35
destinations in Argentina, flying
to more cities in the Argentine territory than any other airline.
Aerolíneas Argentinas provides dynamic links between Argentina and the region through its
re-launched hub in Aeroparque Jorge Newbery. The Aerolíneas Group
is carrying out an ambitious fleet renewal program, which consists
of the following aircraft type: Airbus A330, Airbus A340,
Boeing 737-700 / 800 and Embraer E190. Aerolíneas Argentinas has
been a member of the SkyTeam global alliance since September
2012. For more information on Aerolíneas Argentinas, please
visit http://www.Aerolíneas.com.ar/.
Safe Harbor
All statements in this press release, other than
characterizations of historical fact, are forward-looking
statements within the meaning of the federal securities laws,
including the Private Securities Litigation Reform Act of 1995.
Examples of forward-looking statements include, but are not
necessarily limited to, statements relating to our proposed public
offering of notes and our ability to acquire, sell, lease or
finance aircraft, raise capital, pay dividends, and increase
revenues, earnings, EBITDA, Adjusted EBITDA and Adjusted Net Income
and the global aviation industry and aircraft leasing sector. Words
such as "anticipates," "expects," "intends," "plans," "projects,"
"believes," "may," "will," "would," "could," "should," "seeks,"
"estimates" and variations on these words and similar expressions
are intended to identify such forward-looking statements. These
statements are based on our historical performance and that of our
subsidiaries and on our current plans, estimates and expectations
and are subject to a number of factors that could lead to actual
results materially different from those described in the
forward-looking statements; Aircastle can give no assurance that
its expectations will be attained. Accordingly, you should not
place undue reliance on any such forward-looking statements which
are subject to certain risks and uncertainties that could cause
actual results to differ materially from those anticipated as of
the date of this press release. These risks or uncertainties
include, but are not limited to, those described from time to time
in Aircastle's filings with the SEC and previously disclosed under
"Risk Factors" in Item 1A of Aircastle's 2015 Annual Report on Form
10-K. In addition, new risks and uncertainties emerge from time to
time, and it is not possible for Aircastle to predict or assess the
impact of every factor that may cause its actual results to differ
from those contained in any forward-looking statements. Such
forward-looking statements speak only as of the date of this press
release. Aircastle expressly disclaims any obligation to revise or
update publicly any forward-looking statement to reflect future
events or circumstances.
For more information on Aircastle, please visit
www.aircastle.com.
Contact:
|
|
|
|
Aircastle Advisor
LLC
|
The IGB
Group
|
Frank Constantinople,
SVP Investor
Relations
|
Leon
Berman
|
Tel:
+1-203-504-1063
|
Tel:
+1-212-477-8438
|
fconstantinople@aircastle.com
|
lberman@igbir.com
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/aircastle-delivers-airbus-a330-200-to-aerolineas-argentinas-300326385.html
SOURCE Aircastle Limited