In accordance with their stated aims, Aircastle and Japanese general leasing company IBJ Leasing, are preparing to buy up to 10 aircraft from airlines. The joint venture, 25% owned by Aircastle and the remainder owned by the IBJ which is part of Mizuho Financial Group, was created in February will the express purpose of targeting investments in narrowbody aircraft leased to premier airlines. The new deal will cost as much as $400 million, confirmed Ron Wainshal, CEO of Aircastle, in a recent interview. “Our partners are relying on us to have skin in the game,” said Wainshal. “They want us to find good deals.”
Aircastle and IBJ Leasing to purchase up to 10 aircraft
