X0202 4 2008-01-01 0 0001362988 Aircastle LTD AYR 0001371123 Walton David Ryan C/O AIRCASTLE ADVISOR LLC 300 FIRST STAMFOD PLACE STAMFORD CT 06905 0 1 0 0 COO, General Counsel and Secy Common Shares 2008-01-01 4 F 0 7517 26.33 D 108173 D Common shares repurchased by the Company pursuant to an irrevocable election made by the reporting person under the Amended and Restated Aircastle Limited 2005 Equity and Incentive Plan (the "Plan"), with proceeds of such repurchase being applied to the reporting person's federal income, state and FICA withholding obligations arising upon the vesting, on January 1, 2008, of 23,138 common shares granted under the Plan. The repurchase price of $26.33 paid by the Company was the closing price on December 31, 2007, the last trading day preceeding the date the sale was reported, as provided in the Plan. /s/ David R. Walton 2008-01-02