Aircastle Ltd (AYR) said Monday it completed the first part of an earlier announced $900 million purchase and leaseback deal with Latam Airlines Group S.A. for eight Boeing 777-300ER aircraft.
Aircastle said that together with the four Boeing 777-300ERs acquired thus far in the deal, it purchased a total of eight aircraft with a cost of $715 million during the first quarter of 2014.
Stamford, Connecticut-based Aircastleacquires, leases, and sells commercial jet aircraft to airlines.
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