X0304 4 2012-01-01 0 0001362988 Aircastle LTD AYR 0001370967 Schreiner Joseph C/O AIRCASTLE ADVISOR LLC 300 FIRST STAMFORD PLACE STAMFORD CT 06902 0 1 0 0 Executive Vice President, Tech Common Shares 2012-01-01 4 F 0 3427 12.72 D 57792.9 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 and state income tax withholding obligation arising upon the vesting, on January 1, 2012, of 9,742 common shares granted under the Plan. The repurchase price of $12.72 paid by the Company was the closing price on December 30, 2011, the last trading day preceeding the date the sale was reported, as provided in the Plan. /s/ Joseph Schreiner 2012-01-05