Aircastle Limited (NYSE: AYR) ("Aircastle") announced today the pricing of its 4.400% senior notes due 2023 (the "notes") at an issue price of 99.831%. The size of the offering of the notes has been upsized from $500 million to $650 million aggregate principal amount of the notes. Aircastle plans to use the net proceeds of the offering for general corporate purposes, which may include the acquisition of aircraft or the refinancing of its existing indebtedness. The offering is expected to close on September 25, 2018, subject to the satisfaction of customary closing conditions.

Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., MUFG Securities Americas Inc. and RBC Capital Markets, LLC are acting as joint book-running managers for the offering.

Aircastle has filed a registration statement (including a base prospectus) and a prospectus supplement with the Securities and Exchange Commission (the "SEC") for the offering of the notes. Before you invest, you should read the base prospectus and prospectus supplement relating to the notes and the other documents Aircastle has filed with the SEC for more complete information about Aircastle and the notes. You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the prospectus supplement and accompanying base prospectus may be obtained by contacting Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by calling (866) 471-2526 or by e-mailing prospectus-ny@ny.email.gs.com, Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by calling (800) 831-9146 or by e-mailing prospectus@citi.com, MUFG Securities Americas Inc., by calling (877) 649-6848, or RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281, by calling (866) 375-6829, by faxing (212) 658-6137 or by e-mailing rbcnyfixedincomeprospectus@rbccm.com.