Aircastle Announces Closing the Purchase and Leaseback of Four Boeing 777-300ERs with LATAM Airlines Group

Aircastle Limited ("Aircastle" or the "Company") (NYSE:  AYR) announced that it completed the first part of the Company's previously announced $900 million purchase and leaseback agreement with LATAM Airlines Group S.A. ("LATAM") for eight Boeing 777-300ER aircraft.  Together with the four Boeing 777-300ERs acquired thus far in this transaction, Aircastle acquired a total of eight aircraft with a cost of $715 million during the first quarter of 2014.

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Source: Aircastle Limited
Date: Mar 31, 2014