AIRCASTLE BUYS TWO 747-400F

Aircastle has announced today it has agreed to acquire two Boeing 747-400 production freighter aircraft currently being operated by Japan Airlines. Aircastle expects to take delivery in the fourth quarter of 2010. Aircastle CEO Ron Wainshal says: “We are adding two latest-generation freighter aircraft to our fleet to address the strong demand for modern, fuel-efficient cargo capacity.  Importantly, we have signed letters of intent for long-term lease of both aircraft with industry-leading cargo carriers.  This is a great example of the kind of transaction that allows Aircastle to maintain consistently strong portfolio utilization and yield.”