Aircastle Announces Repossession of Aircraft from Avianca Brazil

Aircastle Limited (NYSE: AYR) ("Aircastle") announced today that it has repossessed its ten A320-200 aircraft that were previously on lease to Avianca Brazil. The ten A320-200 aircraft are now transitioning to committed long-term leases with a major international carrier.

Mike Inglese, Aircastle's Chief Executive Officer, stated, "We are pleased to have reached an important milestone in the transition of these aircraft to a new global operator. In line with our expectations that these highly in-demand modern aircraft would be quickly placed, we now anticipate that these aircraft will return to service on their new leases during the current quarter."