STAMFORD, Conn., Sept. 12, 2016 /PRNewswire/ — Aircastle Limited (NYSE: AYR) (“Aircastle”) announced today that it delivered one Airbus A330-200 aircraft on long-term lease to Aerolíneas Argentinas, the first of two deliveries which will support Aerolíneas’ fleet modernization. This aircraft is a modern wide-body configured to meet Aerolíneas Argentinas’ long-haul requirements and features the airline’s new cabin interior with lie-flat seats in business class. It will be used to replace older, less fuel-efficient aircraft. A second Airbus A330-200 is scheduled to be delivered in January 2017.

Commenting on the transaction, Ron Wainshal, Aircastle’s CEO, stated, “Aircastle’s flexible, relationship-oriented approach and our strategy to invest in creative and innovative structures add considerable value to both our client partnerships and Aircastle’s shareholders. We are looking forward to a long relationship with Aerolíneas, one of Latin America’s premier carriers.”

Isela Costantini, Aerolíneas’ CEO, stated, “This transaction is historical for Aerolíneas due to the unprecedented conditions reached. The effort of a great team, as well, allows us today to celebrate the arrival of this new group of Airbus A330-200 aircraft, which maintains our focus on sustainability and allows us to transport more passengers and offer a better service every day.”