Aircastle closed a $100 million senior unsecured revolving credit facility with Mizuho Marubeni Leasing America, a wholly-owned subsidiary of Mizuho Marubeni Leasing based in the United States. The facility expires in November 2023.

“Our unique ownership structure is a competitive advantage supporting our favorable credit rating,” Michael Inglese, CEO of Aircastle, said. “This facility demonstrates an outstanding commitment to Aircastle’s future by our shareholders through their joint venture, Mizuho Marubeni Leasing Corporation.

“Aircastle’s professional aircraft leasing platform, well-diversified portfolio and ready access to capital markets position us well as the aviation market continues to recover and we pursue growth in a profitable and disciplined manner.”

Aircastle acquires, leases and sells commercial jet aircraft to airlines. As of Aug. 31, Aircastle owned and managed on behalf of its joint ventures 264 aircraft leased to 76 customers located in 42 countries.