Aircastle Closes $150 Million Unsecured Revolving Credit Facility

Wed Dec 19, 2012 4:14pm EST

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STAMFORD, Conn., Dec. 19, 2012 /PRNewswire/ -- Aircastle Limited (NYSE: AYR)
("Aircastle" or the "Company") announced today that it closed a  $150 million 
unsecured revolving credit facility ("the Facility") among the Company,
Citibank, N.A. as administrative agent and lender, Goldman Sachs Bank  USA, as
lender, JPMorgan Chase Bank, N.A., as lender and an affiliate of RBC Capital
Markets, as lender.  The Facility matures in December of 2015.   

Mike Inglese, Aircastle's CFO, stated, "This undrawn corporate credit facility
bolsters the Company's already strong liquidity position and, together with 
$1.6 billion  in financings completed during 2012, demonstrates the financial
market's support of our disciplined, return-oriented 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 
September 30, 2012, Aircastle's aircraft portfolio consisted of 157 aircraft on
lease with 68 customers located in 36 countries.

Safe Harbor  

Certain items in this press release and other information we provide from time
to time, may constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 including, but not necessarily
limited to, statements relating to our proposed private placement 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 management's current
expectations and beliefs 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 forward-looking statements contained in this press release. Factors that
could have a material adverse effect on our operations and future prospects or
that could cause actual results to differ materially from Aircastle's
expectations include, but are not limited to, significant capital markets
disruption and volatility, and the significant contraction in the availability
of bank financing which may adversely affect our continued ability to obtain
additional capital to finance new investments or our working capital needs;
volatility in the value of our aircraft; general economic conditions and
business conditions affecting demand for aircraft and lease rates; our continued
ability to obtain favorable tax treatment in  Bermuda,  Ireland  and other
jurisdictions; our ability to pay dividends; high or volatile fuel prices, lack
of access to capital, reduced load factors and/or reduced yields, operational
disruptions caused by political unrest in  North Africa, the  Middle East  or
elsewhere, uncertainties in the Eurozone arising from the sovereign debt crisis
and other factors affecting the creditworthiness of our airline customers and
their ability to continue to perform their obligations under our leases;
termination payments on our interest rate hedges; and other risks detailed from
time to time in Aircastle's filings with the Securities and Exchange Commission
("SEC"), including as previously disclosed in Aircastle's 2011 Annual Report on
Form 10-K, and in our other filings with the SEC, press releases and other
communications. 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
release publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in its expectations with regard thereto
or change in events, conditions or circumstances on which any statement is
based.

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

Contact:
Frank Constantinople - SVP, Investor Relations
Tel: +1-203-504-1063
fconstantinople@aircastle.com

The IGB Group
Leon Berman
Tel: +1-212-477-8438
lberman@igbir.com

SOURCE  Aircastle Limited
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