Aircastle Limited (the "Company" or "Aircastle") (NYSE: AYR) announced today that an affiliate delivered Boeing 747-400 production freighter aircraft on long-term leases to each of Asiana Airlines of South Korea and AirBridge Cargo Airlines of Russia. The aircraft were acquired by Aircastle in November 2010.
Aircastle CEO Ron Wainshal commented, "We're pleased to have completed the purchase of these two modern freighter aircraft and to have delivered them to two of the world's leading air cargo carriers. These purchases and lease placements illustrate our value-added investment approach and the Company's ability to capitalize on the market's strong demand for modern, fuel-efficient cargo capacity."
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