X0303 4 2009-01-01 0 0001362988 Aircastle LTD AYR 0001371072 Dahlke Aaron C/O AIRCASTLE ADVISOR LLC 300 FIRST STAMFORD PLACE STAMFORD CT 06905 0 1 0 0 Chief Accounting Officer Common Shares 2009-01-01 4 F 0 3056 4.78 D 49685 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 tax withholding obligation arising upon the vesting, on January 1, 2009, of 8,118 common shares granted under the Plan. The repurchase price of $4.78 paid by the Company was the closing price on December 31, 2008, the last trading day preceeding the date the sale was reported, as provided in the Plan. /s/ Aaron Dahlke 2009-01-05