Aircastle Fleet Evolution and Financial Update Q3 2023

Current Aviation Market Themes Positioned to Capture Current Market Opportunities 4 AIRCASTLE A MARUBENI & MIZUHO LEASING COMPANY Macro demand drivers Strong passenger demand is driving airlines towards profitability in 2023; IATA predicts full traffic recovery in 2024 OEM shortages Airbus and Boeing production levels well below pre-COVID levels and are only slowly recovering; short term targets seem optimistic New tech engine growing pains Global narrow-body shortage Lower on-wing time and higher maintenance frequency of new tech engines bring higher demand for extensions on current tech aircraft OEM production issues and delivery delays driving robust demand for existing mid-life aircraft and bolstering associated aircraft values 4

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