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Canadian pension fund selling Aircastle common shares

The Ontario Teachers' Pension Plan is selling 7,887,029 common shares of Aircastle Ltd. in a public offering.

Based on a May 16 closing share price of US$22.95, S&P Global Market Intelligence calculates a gross offering size of about US$181.0 million.

Aircastle, which buys, leases and sells commercial jet aircraft to airlines worldwide, said it will not receive any proceeds from the secondary offering.

Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are underwriters for the offering.