Aircastle Delivers Airbus A330-200 to Aerolíneas Argentinas

STAMFORD, Conn., Sept. 12, 2016 /PRNewswire/ -- Aircastle Limited (NYSE: AYR) ("Aircastle") announced today that it delivered one Airbus A330-200 aircraft on long-term lease to Aerolíneas Argentinas, the first of two deliveries which will support Aerolíneas' fleet modernization.  This aircraft is a modern wide-body configured to meet Aerolíneas Argentinas' long-haul requirements and features the airline's new cabin interior with lie-flat seats in business class.  It will be used to replace older, less fuel-efficient aircraft.  A second Airbus A330-200 is scheduled to be delivered in January 2017. 

Commenting on the transaction, Ron Wainshal, Aircastle's CEO, stated, "Aircastle's flexible, relationship-oriented approach and our strategy to invest in creative and innovative structures add considerable value to both our client partnerships and Aircastle's shareholders.  We are looking forward to a long relationship with Aerolíneas, one of Latin America's premier carriers."

Isela Costantini, Aerolíneas' CEO, stated, "This transaction is historical for Aerolíneas due to the unprecedented conditions reached.  The effort of a great team, as well, allows us today to celebrate the arrival of this new group of Airbus A330-200 aircraft, which maintains our focus on sustainability and allows us to transport more passengers and offer a better service every day."

About Aircastle Limited

Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world.  As of June 30, 2016, Aircastle owned and managed on behalf of its joint ventures 179 aircraft leased to 63 customers located in 35 countries.

About Aerolíneas Argentinas

Founded in 1950, Aerolíneas Argentinas is one of the leading companies in South America. From its bases in the Aeroparque Jorge Newbery and Ezeiza International Airport in Buenos Aires, Aerolíneas Argentinas flies to 24 international destinations in America and Europe. Along with Austral Lineas Aereas, Aerolíneas Argentinas operates flights to 35 destinations in Argentina, flying to more cities in the Argentine territory than any other airline. Aerolíneas Argentinas provides dynamic links between Argentina and the region through its re-launched hub in Aeroparque Jorge Newbery. The Aerolíneas Group is carrying out an ambitious fleet renewal program, which consists of the following aircraft type:  Airbus A330, Airbus A340, Boeing 737-700 / 800 and Embraer E190. Aerolíneas Argentinas has been a member of the SkyTeam global alliance since September 2012.  For more information on Aerolíneas Argentinas, please visit http://www.Aerolíneas.com.ar/.

Safe Harbor

All statements in this press release, other than characterizations of historical fact, are forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include, but are not necessarily limited to, statements relating to our proposed public offering of notes and our ability to acquire, sell, lease or finance aircraft, raise capital, pay dividends, and increase revenues, earnings, EBITDA, Adjusted EBITDA and Adjusted Net Income and the global aviation industry and aircraft leasing sector. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "may," "will," "would," "could," "should," "seeks," "estimates" and variations on these words and similar expressions are intended to identify such forward-looking statements. These statements are based on our historical performance and that of our subsidiaries and on our current plans, estimates and expectations and are subject to a number of factors that could lead to actual results materially different from those described in the forward-looking statements; Aircastle can give no assurance that its expectations will be attained. Accordingly, you should not place undue reliance on any such forward-looking statements which are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated as of the date of this press release. These risks or uncertainties include, but are not limited to, those described from time to time in Aircastle's filings with the SEC and previously disclosed under "Risk Factors" in Item 1A of Aircastle's 2015 Annual Report on Form 10-K. In addition, new risks and uncertainties emerge from time to time, and it is not possible for Aircastle to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. Aircastle expressly disclaims any obligation to revise or update publicly any forward-looking statement to reflect future events or circumstances.

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

SOURCE Aircastle Limited

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