[AIRCASTLE LOGO OMITTED]
Contact: FOR IMMEDIATE RELEASE
Julia Hallisey
Investor Relations
Tel: +1-203-504-1063
AIRCASTLE ANNOUNCES CLOSING OF $1.17 BILLION OF ACS 2007-1
CLASS G-1 CERTIFICATES
Stamford, CT. June 11, 2007- Aircastle Limited (NYSE: AYR) announced today that
the ACS 2007-1 Pass Through Trust (the "Trust") closed a single tranche of
$1,170,000,000 of Class G-1 Floating Rate Asset Backed Certificates, series
2007-1 (the "Certificates"). The all-in cost over the expected five year life of
the Certificates, including interest rate hedges and transaction costs, is 6.20%
per annum.
ABOUT AIRCASTLE LIMITED
Aircastle Limited is a global aviation company that acquires and leases
high-utility commercial jet aircraft to airlines throughout the world. As of
April 30, 2007, Aircastle had acquired and committed to acquire aviation assets
having an aggregate purchase price equal to $2.5 billion and $1.4 billion,
respectively, for a total of approximately $3.9 billion.
Certain items in this press release 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 ability to
close the sale of the Certificates and the timing of the closing of the sale of
the Certificates. Words such as "anticipate(s)", "expect(s)", "intend(s)",
"will", "would" 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 Limited can give no assurance that its
expectations will be attained. Factors that could cause actual results to differ
materially from Aircastle Limited's expectations include, but are not limited
to, our ability to satisfy conditions to closing the transactions. 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 the Company's expectations with regard thereto or change in events,
conditions or circumstances on which any statement is based.
For more information regarding Aircastle and to be added to our email
distribution list, please visit http://www.aircastle.com.
