Sec Form 4 Filing - Fortress Investment Group LLC @ Aircastle LTD - 2012-08-10

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Fortress Investment Group LLC 2. Issuer Name and Ticker or Trading Symbol Aircastle LTD [ AYR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 1345 AVENUE OF THE AMERICAS, 46TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 08/10/2012 (Street) NEW YORK, NY10105 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Shares 08/10/2012 S 1,558,500 D $ 11.4 421,217 I Fortress Investment Fund III Sub LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 D 421,217 D $ 11.4 0 I Fortress Investment Fund III Sub LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 S 1,558,499 D $ 11.4 421,217 I Fortress Investment Fund III Sub Two LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 D 421,217 D $ 11.4 0 I Fortress Investment Fund III Sub Two LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 S 1,332,544 D $ 11.4 360,147 I Fortress Investment Fund III (Fund B) Sub LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 D 360,147 D $ 11.4 0 I Fortress Investment Fund III (Fund B) Sub LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 S 1,332,544 D $ 11.4 360,147 I Fortress Investment Fund III (Fund B) Sub Two LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 D 360,147 D $ 11.4 0 I Fortress Investment Fund III (Fund B) Sub Two LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 S 557,293 D $ 11.4 150,620 I Fortress Investment Fund III (Fund C) Sub LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 D 150,620 D $ 11.4 0 I Fortress Investment Fund III (Fund C) Sub LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 S 1,279,105 D $ 11.4 345,704 I Fortress Investment Fund III (Fund D) Sub Ltd. ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 D 345,704 D $ 11.4 0 I Fortress Investment Fund III (Fund D) Sub Ltd. ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 S 89,848 D $ 11.4 24,283 I Fortress Investment Fund III (Fund E) Sub Ltd. ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 D 24,283 D $ 11.4 0 I Fortress Investment Fund III (Fund E) Sub Ltd. ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 S 262,085 D $ 11.4 70,834 I Fortress Investment Fund III (Coinvestment Fund A) Sub LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 D 70,834 D $ 11.4 0 I Fortress Investment Fund III (Coinvestment Fund A) Sub LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 S 514,902 D $ 11.4 139,163 I Fortress Investment Fund III (Coinvestment Fund B) Sub LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 D 139,163 D $ 11.4 0 I Fortress Investment Fund III (Coinvestment Fund B) Sub LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 S 132,615 D $ 11.4 35,842 I Fortress Investment Fund III (Coinvestment Fund C) Sub LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 D 35,842 D $ 11.4 0 I Fortress Investment Fund III (Coinvestment Fund C) Sub LLC ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 S 632,065 D $ 11.4 170,828 I Fortress Investment Fund III (Coinvestment Fund D) Sub Ltd. ( 1 ) ( 2 ) ( 3 ) Common Shares 08/10/2012 D 170,828 D $ 11.4 0 I Fortress Investment Fund III (Coinvestment Fund D) Sub Ltd. ( 1 ) ( 2 ) ( 3 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Fortress Investment Group LLC 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK, NY10105 X FIG Corp. 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK, NY10105 X FORTRESS FUND III GP LLC 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK, NY10105 X FORTRESS INVESTMENT FUND GP (HOLDINGS) LLC 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK, NY10105 X FIG LLC 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK, NY10105 X Fortress Operating Entity I LP 1345 AVENUE OF THE AMERICAS, 46TH FLOOR NEW YORK, NY10105 X Signatures /s/ Randal A. Nardone, as Authorized Signatory of Fortress Investment Group LLC 08/10/2012 Signature of Reporting Person Date /s/ Randal A. Nardone, as Authorized Signatory of FIG Corp. 08/10/2012 Signature of Reporting Person Date /s/ Randal A. Nardone, as Authorized Signatory of Fortress Fund III GP LLC 08/10/2012 Signature of Reporting Person Date /s/ Randal A. Nardone, as Authorized Signatory of Fortress Investment Fund GP (Holdings) LLC 08/10/2012 Signature of Reporting Person Date /s/ Randal A. Nardone, as Authorized Signatory of FIG LLC 08/10/2012 Signature of Reporting Person Date /s/ Randal A. Nardone, as Authorized Signatory of Fortress Operating Entity I LP 08/10/2012 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Fortress Fund III GP LLC ("FF III GP LLC") is the general partner, and FIG LLC is the investment advisor, of each of Fortress Investment Fund III LP ("FIF III LP"), Fortress Investment Fund III (Fund B) LP ("FIF III Fund B LP"), Fortress Investment Fund III (Fund C) LP ("FIF III Fund C LP"), Fortress Investment Fund III (Fund D) L.P. ("FIF III Fund D L.P."), Fortress Investment Fund III (Fund E) L.P. ("FIF III Fund E L.P."), Fortress Investment Fund III (Coinvestment Fund A) LP ("FIF III Coinvest Fund A LP"), Fortress Investment Fund III (Coinvestment Fund B) LP ("FIF III Coinvest Fund B LP"), Fortress Investment Fund III (Coinvestment Fund C) LP ("FIF III Coinvest Fund C LP"), and Fortress Investment Fund III (Coinvestment Fund D) L.P. ("FIF III Coinvest Fund D L.P."). ( 2 )(continued from previous footnote) FIF III LP is the sole member each of Fortress Investment Fund III Sub LLC and Fortress Investment Fund III Sub Two LLC. FIF III Fund B LP is the sole member of each of Fortress Investment Fund III (Fund B) Sub LLC and Fortress Investment Fund III (Fund B) Sub Two LLC. FIF III Fund C LP is the sole member of Fortress Investment Fund III (Fund C) Sub LLC. FIF III Fund D L.P. is the sole member of Fortress Investment Fund III (Fund D) Sub Ltd. FIF III Fund E L.P. is the sole member of Fortress Investment Fund III (Fund E) Sub Ltd. FIF III Coinvest Fund A LP is the sole member of Fortress Investment Fund III (Coinvestment Fund A) Sub LLC. ( 3 )(continued from previous footnote) FIF III Coinvest Fund B LP is the sole member of Fortress Investment Fund III (Coinvestment Fund B) Sub LLC. FIF III Coinvest Fund C LP is the sole member of Fortress Investment Fund III (Coinvestment Fund C ) Sub LLC and FIF III Coinvest Fund D L.P. is the sole member of Fortress Investment Fund III (Coinvestment Fund D) Sub Ltd. The sole managing member of FF III GP LLC is Fortress Investment Fund GP (Holdings) LLC. The sole managing member of Fortress Investment Fund GP (Holdings) LLC is Fortress Operating Entity I LP ("FOE I"). FOE I is the sole managing member of FIG LLC. FIG Corp. is the general partner of FOE I. FIG Corp. is wholly-owned by Fortress Investment Group LLC.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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