Aircastle has increased the size of its unsecured revolving credit facility with Mizuho Marubeni Leasing America to $200 million from $100 million and extended its maturity to January 2025.
The facility will provide working capital for general corporate purposes, including aircraft acquisition.
Michael Inglese, Aircastle's CEO, stated: "Our unique ownership structure continues to be a competitive advantage supporting our favourable credit rating. This extension and upsizing demonstrates an outstanding commitment to Aircastle’s future by our shareholders through their joint venture, Mizuho Marubeni Leasing Corporation."
Inglese continued, "Aircastle's portfolio of liquid narrow-body aircraft, along with our professional aircraft leasing platform and ready access to capital markets, position us well as we pursue growth in a profitable and disciplined manner.