Aircastle Limited (NYSE: AYR) (the "Company" or "Aircastle") announced today that Michael Kriedberg, the Company's Chief Commercial Officer, intends to retire on January 1, 2020. Mr. Kriedberg will remain with Aircastle as Chief Commercial Officer until a new commercial leader has been identified and has transitioned into the role. Aircastle will immediately commence a search for his successor.

Michael J. Inglese, Aircastle's CEO, commented, "Mike joined Aircastle in 2013, and has been instrumental in executing the transformation of our portfolio, and the disciplined and profitable growth of Aircastle's business. We thank Mike for his significant contribution to the Company's success, and we are confident of a smooth and seamless transition." Mr. Inglese added, "Mike will remain actively engaged as Aircastle's Chief Commercial Officer as we conduct our search, and will oversee the transition. We anticipate his successor to be in place sometime during the first half of 2019."