The local office of international law firm Conyers provided Bermuda law advice to aircraft lessor Aircastle Ltd in connection with its $7.4 billion merger with a newly formed entity controlled by affiliates of Marubeni Corporation and Mizuho Leasing Company Ltd.The deal closed on Friday in the face of difficulties posed by the current Covid-19 crisis, Conyers said. Under the terms of the merger agreement, Aircastle shareholders received $32 in cash for each common share of Aircastle, other than shares already owned by Marubeni and its affiliates, representing a total valuation of approximately $2.4 billion, or approximately $7.4 billion including debt obligations assumed or refinanced net of cash.On completion of the transaction, Aircastle’s common shares ceased to trade on the New York Stock Exchange and were delisted.Conyers director Jason Piney praised the efforts of the Bermuda authorities, including the Registrar of Companies and Bermuda Monetary Authority, to maintain business continuity given the extraordinary challenges to operations from the impact of Covid-19. Mr Piney said: “Congratulations to all of the parties and advisers on the successful completion of this significant transaction in unprecedented circumstances, with most people working remotely.”He added: “From our side, we extend our heartfelt thanks to the Bermuda authorities for their efforts in ensuring that it is ‘business as usual’ in Bermuda. We look forward to continuing to work with the fantastic team at Aircastle.”Mr Piney and associates Edward Rance and Andrew Barnes of Conyers’ Bermuda office advised on the matter, working alongside Skadden, Arps, Slate, Meagher & Flom LLP. Clifford Chance advised Marubeni Corporation and Mizuho Leasing Company Ltd.Conyers Corporate Services (Bermuda) Ltd provides corporate and administrative services to the Aircastle group of companies in Bermuda, the firm said.