Aircastle Limited (NYSE: AYR) ("Aircastle") announced today the commencement of a public offering of 7,887,029 common shares by Ontario Teachers' Pension Plan (the "Selling Shareholder"). Aircastle will not receive any proceeds from the sale of the shares by the Selling Shareholder.

Goldman Sachs & Co. LLC and Citigroup Global Markets Inc. are acting as underwriters for the offering. The underwriters intend to offer the shares to the public at a fixed price, which may be changed at any time without notice.