Aircastle Delivers Two Boeing 747-400 Freighter Aircraft

STAMFORD, Conn., Dec. 21, 2010 /PRNewswire/ -- Aircastle Limited (the "Company" or "Aircastle") (NYSE: AYR) announced today that an affiliate delivered Boeing 747-400 production freighter aircraft on long-term leases to each of Asiana Airlines of South Korea and AirBridge Cargo Airlines of Russia.  The aircraft were acquired by Aircastle in November 2010.

Aircastle CEO Ron Wainshal commented, "We're pleased to have completed the purchase of these two modern freighter aircraft and to have delivered them to two of the world's leading air cargo carriers.  These purchases and lease placements illustrate our value-added investment approach and the Company's ability to capitalize on the market's strong demand for modern, fuel-efficient cargo capacity."

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 September 30, 2010 Aircastle's aircraft portfolio consisted of 132 aircraft and had 63 lessees located in 36 countries.

For more information regarding Aircastle and to be added to our email distribution list, please visit www.aircastle.com.

SOURCE Aircastle Limited