Aircastle Delivers Airbus A330-200 to Aerolíneas Argentinas

STAMFORD, Conn. - Aircastle Limited (NYSE: AYR) ("Aircastle") announced today that it delivered one Airbus A330-200 aircraft on long-term lease to Aerolíneas Argentinas, the first of two deliveries which will support Aerolíneas' fleet modernization.  This aircraft is a modern wide-body configured to meet Aerolíneas Argentinas' long-haul requirements and features the airline's new cabin interior with lie-flat seats in business class.  It will be used to replace older, less fuel-efficient aircraft.  A second Airbus A330-200 is scheduled to be delivered in January 2017.

Commenting on the transaction, Ron Wainshal, Aircastle's CEO, stated, "Aircastle's flexible, relationship-oriented approach and our strategy to invest in creative and innovative structures add considerable value to both our client partnerships and Aircastle's shareholders.  We are looking forward to a long relationship with Aerolíneas, one of Latin America's premier carriers."

Isela Costantini, Aerolíneas' CEO, stated, "This transaction is historical for Aerolíneas due to the unprecedented conditions reached.  The effort of a great team, as well, allows us today to celebrate the arrival of this new group of Airbus A330-200 aircraft, which maintains our focus on sustainability and allows us to transport more passengers and offer a better service every day."

About Aircastle Limited

Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world.  As of June 30, 2016, Aircastle owned and managed on behalf of its joint ventures 179 aircraft leased to 63 customers located in 35 countries.

About Aerolíneas Argentinas

Founded in 1950, Aerolíneas Argentinas is one of the leading companies in South America. From its bases in the Aeroparque Jorge Newbery and Ezeiza International Airport in Buenos Aires, Aerolíneas Argentinas flies to 24 international destinations in America and Europe. Along with Austral Lineas Aereas, Aerolíneas Argentinas operates flights to 35 destinations in Argentina, flying to more cities in the Argentine territory than any other airline. Aerolíneas Argentinas provides dynamic links between Argentina and the region through its re-launched hub in Aeroparque Jorge Newbery. The Aerolíneas Group is carrying out an ambitious fleet renewal program, which consists of the following aircraft type:  Airbus A330, Airbus A340, Boeing 737-700 / 800 and Embraer E190. Aerolíneas Argentinas has been a member of the SkyTeam global alliance since September 2012.  For more information on Aerolíneas Argentinas, please visit http://www.Aerolí

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