UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) December 13, 2006 (December 13, 2006)

Aircastle Limited

(Exact name of registrant as specified in its charter)


Bermuda 001-32959 98-0444035
(State or other jurisdiction
of incorporation)
(Commission File Number) (IRS Employer
Identification No.)

c/o Aircastle Advisor LLC,
300 First Stamford Place,
Stamford, Connecticut
06902
(Address of principal executive offices) (Zip Code)

  (203) 504-1020  
  Registrant’s telephone number, including area code  

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))



Section 8 − Other Events

Item 8.01    Other Events.

On December 13, 2006, Aircastle Limited issued a press release, attached hereto and incorporated herein by reference as Exhibit 99.1, announcing that its Board of Directors declared a fourth quarter cash dividend on its common shares of $0.4375 per share. The dividend is payable on January 15, 2007 to holders of record of Aircastle’s common shares on December 29, 2006.

Section 9 − Financial Statements and Exhibits

Item 9.01    Financial Statements and Exhibits.

(a)  Not Applicable
(b)  Not Applicable
(c)  Not Applicable
(d)  Exhibit 99.1 Press Release dated December 13, 2006.



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

AIRCASTLE LIMITED
(Registrant)
/s/ David Walton
David Walton
Chief Operating Officer, General Counsel and
Secretary

Date: December 13, 2006




EXHIBIT INDEX


Exhibit Number Exhibit
99 .1
Press Release dated December 13, 2006