Aircastle closes acquisition and lease of one A330-200 aircraft

Aircastle Limited announced that one of its subsidiaries has taken delivery of a new Airbus A330-200 aircraft on long-term lease to Aerovias del Continente Americano (“Avianca”). Avianca is the flag carrier of Colombia and one of the largest airlines in Latin America. This aircraft purchase is partially funded by a term loan from Citibank International Plc which is supported by a guarantee from Compagnie Francaise d’Assurance pour le Commerce Exterieur (“Coface”), the French export credit agency (“ECA”). This aircraft is an advancement of one of Aircastle’s new A330 aircraft order positions, with eleven additional aircraft currently scheduled to deliver from Airbus between 2010 and 2012.