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Conyers Dill & Pearman provided Bermuda law advice to Aircastle Limited (NYSE: AYR) in connection with its aircraft leasing joint venture with IBJ Leasing Co., Ltd., a Japanese general leasing company which is part of Mizuho Financial Group.
The joint venture, which will be serviced by Aircastle, will target investments in newer narrow-body aircraft leased to premier airlines. It is expected the joint venture will purchase its first two aircraft from Aircastle and that future aircraft investments will be acquired directly. Aircastle will own 25% of the joint venture.
Jason Piney of Conyers’ Bermuda office advised on this matter, working alongside Pillsbury Winthrop Shaw Pittman LLP.