Notice Regarding Issuance of Preferred Shares by Aircastle Limited

Jun. 10. 2021
Marubeni Corporation

Marubeni Corporation (hereinafter, “Marubeni”) hereby announces that our affiliate aircraft leasing company, Aircastle Limited (hereinafter, “Aircastle”) issued preferred shares for proceeds totalling US$400 million.

This issuance is capital policy to enhance Aircastle's financial resilience given the strong U.S. capital markets, and was carried out in anticipation of the expansion of air passenger demand, which is expected to improve as COVID-19 vaccinations increase. Aircastle will use the proceeds from this offering for general corporate purposes.

Since its additional investment in Aircastle in March 2020, Marubeni has provided continuous support for Aircastle’s business growth, including deployment of Marubeni employees to the Board of Directors and other managerial positions in Aircastle. Marubeni, together with Mizuho Leasing Company, Limited, will seek to expand and evolve its business portfolio in this area and will try to provide solutions for continuous long-term demand for air transportation, which is essential for global economic growth in the future.

<Outline of Aircastle>

Company Name : Aircastle Limited
Headquarters : Connecticut, US
Founded : 2004
CEO : Michael J. Inglese
Shareholders : Marubeni Group 75%, Mizuho Leasing Company, Limited 25%
Business : Aircraft Operating Leasing


This release shall not constitute an offer to sell or the solicitation of an offer to buy any shares, nor shall there be any sale of shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Note Regarding Forward-Looking Statements
This release includes forward-looking statements, beliefs or opinions, including statements about the business, financial condition, results of operations and plans of Marubeni and Aircasle. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond our control and all of which are based on our management’s current beliefs and expectations about future events. Forward-looking statements are sometimes identified by the use of forward-looking terminology such as “believe,” “expects,” “may,” “will,” “could,” “should,” “shall,” “risk,” “intends,” “estimates,” “aims,” “plans,” “predicts,” “continues,” “assumes,” “positioned” or “anticipates” or the negative thereof, other variations thereon or comparable terminology or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. Forward-looking statements may and often do differ materially from actual results. No assurance can be given that such future results will be achieved.