X0306 4 2017-01-01 0 0001362988 Aircastle LTD AYR 0001371090 Wainshal Ron C/O AIRCASTLE ADVISOR LLC 300 FIRST STAMFORD PLACE STAMFORD CT 06905 1 1 0 0 Chief Executive Officer Common Shares 2017-01-01 4 F 0 35572 20.85 D 774868 D Common Shares 2400 I As custodian for Sarah Wainshal 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")and the Aircastle Limited 2014 Omnibus Incentive Plan (the "2014 Plan", collectively the "Plans"), with proceeds of such repurchase being applied to the reporting person's federal and state tax obligations arising from the vesting, on January 1, 2017, of 86,399 common shares granted under the Plans. The repurchase price of $20.85 paid by the Company was the closing price on December 30, 2016 the last trading day preceeding the date the sale was reported, as provided in the Plans. /s/ Ron Wainshal 2017-01-04