Jet-leasing company Aircastle Ltd. filed to sell 10 million shares of stock to raise $360 million in a sale of stock, planning to pay down $272 million in debt and for general corporate purposes and investments.
Aircastle held its initial public offering of stock in August 2006.
As of June, the Stamford-based company leased 100 aircraft to 45 airlines and freight companies. In the second quarter, the company had a $38 million profit on $82 million in revenue.
Separately, Aircastle”™s majority investor Fortress Investment Group L.L.C. also plans to sell 10 million shares of stock, which would reduce its current 60 percent stake to 39 percent.
In separate news, Kevin Fackrell resigned as chief risk officer for Aircastle; the company did not state a reason for his departure.
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