According to the Complaint, Aircastle Limited acquires, leases, and sells commercial jet aircraft to airlines throughout the world.

This action stems from a proposed transaction announced on November 6, 2019, pursuant to which Aircastle Limited will be acquired by newly formed entities controlled by affiliates of Marubeni Corporation. Marubeni and its affiliates own approximately 28.8% of the outstanding common shares of the Company.

On November 5, 2019, Aircastle’s Board of Directors caused the Company to enter into an agreement and plan of merger with MM Air Limited and MM Air Merger Sub Limited. Pursuant to the terms of the Merger Agreement, Aircastle’s stockholders will receive $32.00 in cash for each share of Aircastle common stock they own.

On December 6, 2019, Defendants filed a Proxy Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on March 24, 2020.