Aircastle to acquire 20 Narrow-Body Aircraft from SMBC Aviation Capital

Dublin, October 3rd 2017 – SMBC Aviation Capital, the leading aircraft leasing company has today announced that it has reached agreement with Aircastle Limited who will acquire 20 narrow-body aircraft from its portfolio. The aircraft are on lease with thirteen airlines across the globe.

Peter Barrett, CEO, SMBC Aviation Capital commented, “We are very pleased to have reached agreement with Aircastle on this deal which is testament both to the quality of our portfolio and our ability to handle transactions of scale. It is also further evidence that we are delivering on our stated strategy of actively trading and managing our portfolio, enabling us to maintain one of the youngest fleets in the industry.”

Mike Inglese, Aircastle's CEO, added, "We are pleased to have reached an agreement to acquire these high-quality aircraft on lease to a geographically diverse group of airlines, demonstrating our unique ability to find attractive growth opportunities throughout the cycle. We appreciate the opportunity to work with SMBC Aviation Capital to further optimize our fleet mix with the addition of these in-demand, current generation A320s and 737NGs. By continuing to execute our prudent, disciplined investment strategy and maintaining significant financial flexibility, Aircastle is well positioned to achieve steady and profitable growth."