Aircastle said it has entered into a definitive agreement with Marubeni providing for the issuance of approximately 15.25% of the company’s common shares, after giving effect to the issuance, at a price of $17.00 per share, for gross proceeds of approximately $209 million. The closing of the issuance is expected to occur during the second or third quarter of 2013, subject to customary closing conditions.

Ron Wainshal, CEO of Aircastle, commented, “We are delighted to welcome Marubeni, one of Japan’s leading trading companies, as a strategic, long-term oriented shareholder. With this equity investment, Aircastle will be well positioned to take advantage of exciting growth opportunities and to leverage Marubeni’s global presence and network to expand into new markets, business opportunities and funding sources.”

In connection with the transaction, Aircastle and Marubeni also entered into a shareholder agreement that will become effective upon the completion of the issuance. At such time, Marubeni will have the right to designate two directors for appointment to Aircastle’s board of directors. The shareholder agreement also contains certain provisions relating to Marubeni’s and its affiliates’ ability to transfer and acquire Aircastle’s securities.