Aircastle Appoints Giovanni Bisignani to Board of Directors

STAMFORD, Conn., May 24, 2012 /PRNewswire/ -- Aircastle Limited (NYSE: AYR) ("Aircastle") announced today the appointment of Giovanni Bisignani to the company's Board of Directors, increasing the Board to nine members.

Mr. Bisignani previously served as Director General and CEO of the International Air Transport Association ("IATA") from 2002 to 2011.  In 2002, he launched the European travel portal Opodo and served as the company's Chief Executive Officer.  Mr. Bisignani has also held executive positions at SM Logistics, Tirrenia di Navigazione and Alitalia, and has served as a member of the Pratt & Whitney Advisory Board and Chairman of Galileo International.

Ron Wainshal, Aircastle's CEO, commented, "Giovanni has extensive experience in the aviation industry and we are very pleased to have him join our Board of Directors. He brings a unique and valuable perspective on the business, and his energy and enthusiasm will serve our Company well as we continue to pursue our disciplined growth strategy."

About Aircastle Limited

Aircastle Limited is a global company that acquires, leases and sells high-utility commercial jet aircraft to airlines throughout the world.  As of March 31, 2012, Aircastle's aircraft portfolio consisted of 145 aircraft and had 65 lessees located in 34 countries.

For more information on Aircastle, please visit www.aircastle.com. 

SOURCE:  Aircastle Limited

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SOURCE Aircastle Limited