Jackson Square Aviation announced it has received approval to finance Airbus deliveries from European Export Credit Agencies. JSA financed three aircraft in Jun-2011. BNP Paribas acted as advisor to JSA and Natixis acted as agent and security trustee. To date, JAS has borrowed from Apple Bank for Savings, Bayerische Lendesbank and Credit Suisse for ECA-supported deliveries.
Elsewhere, Aircastle announced its board declared a 2Q2011 cash dividend on its common shares of USD0.125 per share, an increase of 25%, payable on 15-Jul-2011 to shareholders of record on 07-Jul-2011.
The board also authorised an increase in the company's common share repurchase programme by up to USD30 million of its common shares, for a total of up to USD90 million of its common shares. Aircastle had purchased 4.9 million of its common shares for a total cost of USD60 million, including commissions, to 24-Jun-2011.
Selected lessors share price movements (% change): 27-Jun-2011