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Aircastle Corporate and Senior Unsecured Credit Ratings Upgraded to Baa3 by Moody's

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Aircastle Corporate and Senior Unsecured Credit Ratings Upgraded to Baa3 by Moody's

Company now one of only two industry players with investment grade ratings from the three major credit rating agencies

PR Newswire

STAMFORD, Conn., Aug. 14, 2018 /PRNewswire/ -- Aircastle Limited (NYSE:AYR) ("Aircastle" or the "Company") announced today that Moody's Investors Service has raised the Company's corporate family and senior unsecured credit ratings to Baa3 from Ba1 based on Aircastle's improved performance prospects, reduced fleet risk, conservative capital position and effective liquidity management.

Mike Inglese, Aircastle's Chief Executive Officer, stated, "Aircastle is now part of a select group of global aircraft leasing companies with investment grade credit ratings from all three major rating agencies.  We are very pleased that Moody's, S&P and Fitch recognize the strength of Aircastle's business platform and our unique position in the industry."  Mr. Inglese continued, "As the leading investor in the secondary aircraft market, Aircastle is positioned to continue to grow in a disciplined and profitable manner.  We believe that three investment grade credit ratings will substantially broaden Aircastle's liquidity base and funding access, and should enable us to efficiently raise competitively priced capital in the global markets to further drive profitable growth." 

Additional information regarding Aircastle's ratings upgrade can be found in the press release dated August 13, 2018 on the Moody's website at www.moodys.com.

Safe Harbor

All statements in this press release, other than characterizations of historical fact, are forward-looking statements within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include, but are not necessarily limited to, statements relating to our proposed public offering of notes and our ability to acquire, sell, lease or finance aircraft, raise capital, pay dividends, and increase revenues, earnings, EBITDA, Adjusted EBITDA, Adjusted Net Income, Cash Return on Equity and Net Cash Interest Margin and the global aviation industry and aircraft leasing sector. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "may," "will," "would," "could," "should," "seeks," "estimates" and variations on these words and similar expressions are intended to identify such forward-looking statements. These statements are based on our historical performance and that of our subsidiaries and on our current plans, estimates and expectations 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 can give no assurance that its expectations will be attained. Accordingly, you should not place undue reliance on any such forward-looking statements which are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated as of the date of this press release. These risks or uncertainties include, but are not limited to, those described from time to time in Aircastle's filings with the SEC and previously disclosed under "Risk Factors" in Item 1A of Aircastle's 2017 Annual Report on Form 10-K.  In addition, new risks and uncertainties emerge from time to time, and it is not possible for Aircastle to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. Aircastle expressly disclaims any obligation to revise or update publicly any forward-looking statement to reflect future events or circumstances.

About Aircastle Limited

Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world.  As of June 30, 2018, Aircastle owned and managed on behalf of its joint ventures 240 aircraft leased to 84 customers located in 45 countries.

Contacts:




Aircastle Advisor LLC

The IGB Group

Frank Constantinople, SVP Investor Relations

Leon Berman

Tel: +1-203-504-1063

Tel: +1-212-477-8438

fconstantinople@aircastle.com

lberman@igbir.com

For more information on Aircastle, please visit www.aircastle.com.

Cision View original content:http://www.prnewswire.com/news-releases/aircastle-corporate-and-senior-unsecured-credit-ratings-upgraded-to-baa3-by-moodys-300696568.html

SOURCE Aircastle Limited

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