Amendment to Letter Agreement Between Aircastle Advisor LLC and Jonathan M. Lang Dated March 8, 2006

Summary

This agreement, dated March 8, 2006, is between Aircastle Advisor LLC and Jonathan M. Lang. It modifies a previous letter agreement by removing certain compensation and employment terms, as Mr. Lang has now executed a Restricted Share Agreement for shares in Aircastle Investment Limited. All other terms of the original agreement remain unchanged.

EX-10.14 15 file15.htm LETTER AGREEMENT WITH JONATHAN LANG DATED 3/8/2006

  Aircastle Advisor LLC 300 First Stamford Place, 5th Floor Stamford CT 06902 March 8, 2006 Jonathan M. Lang 17 Pequot Drive Norwalk, Connecticut 06855 Dear Jonathan: Reference is made to that certain letter agreement, dated April 29, 2005 (the "Letter Agreement"), between you and Aircastle Advisor LLC. 1. Initial Grant. On and as of the date hereof you have executed a Restricted Share Agreement in respect of certain shares of Aircastle Investment Limited. Accordingly, the following provisions are deleted from the Letter Agreement: (a) the final two paragraphs under "Compensation"; and (b) paragraph (i)(a) of "Employment Relationship; Termination; Termination Payments and Vesting". 2. Miscellaneous. Except as expressly set forth herein, the Letter Agreement remains in full force and effect, unchanged. AIRCASTLE ADVISOR LLC By: /s/ David Walton --------------------------------- Accepted and agreed to, this 16th day of March, 2006: /s/ Jonathan M. Lang - ------------------------------------- Jonathan M. Lang