Aircastle Increases Quarterly Dividend to $0.125 and Share Repurchase Program to up to $90M

Aircastle Limited AYR announced today that its Board of Directors declared a second quarter 2011 cash dividend on its common shares of $0.125 per share, payable on July 15, 2011 to shareholders of record on July 7, 2011. Aircastle announces dividends on a quarterly basis, separately from quarterly earnings announcements. The Company's Board of Directors authorized an increase in the Company's common share repurchase program by up to $30 million of its common shares, for a total of up to $90 million of its common shares in the aggregate. Under the program, as of June 24, 2011, the Company had purchased 4.9 million of its common shares for a total cost of $60 million, including commissions.