Panther Expedited Services, Inc. today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. The offered shares will be sold by Panther, and if the underwriters exercise their over-allotment option, by certain selling stockholders. Panther will not receive any of the proceeds from the sale of shares by the selling stockholders.

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J.P. Morgan Securities Inc. and Goldman, Sachs & Co. are the representatives of the underwriters and joint book-running managers. UBS Investment Bank and BB&T Capital Markets will serve as lead managers. WR Securities will serve as co-manager. This offering will be made only by means of a prospectus. When available, a preliminary prospectus relating to the offering may be obtained from:

• J.P. Morgan Securities Inc., 1155 Long Island Avenue, Edgewood, New York 11717, Attn: Broadridge Financial Solutions or telephone: 1-866-803-9204
• Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 1-212-902-9316 or by email: prospectus-ny@ny.email.gs.com

The preliminary prospectus may also be accessed directly from the Securities and Exchange Commission at: www.sec.gov.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Panther

Panther Expedited Services, Inc. is a leading expedited transportation and premium freight logistics company. Our diversified, non-asset based transportation network of exclusive-use owner operator vehicles, third-party ground carriers, and air and ocean freight forwarders offers single-source shipping solutions for time-sensitive, high-value and service-critical freight, with on-demand pick up and delivery to and from anywhere in the world. Through our proprietary information technology platform, we afford customers optimized shipping alternatives based on time, service level and pricing priorities. Founded in 1992 as a just-in-time supplier focused on the automotive industry, Panther has expanded to provide critical domestic and international supply chain solutions to over 10,000 customers in multiple industry markets during the past twelve months.

SOURCE Panther Expedited Services, Inc.

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BioStorage Technologies, a global leader in sample management and cold-chain logistics for the pharma and biotech industries, has recently been approved as a Certified Cargo Screening Facility (CCSF) by the U.S. Transportation Security Administration (TSA). The designation establishes BioStorage Technologies as one of the few sample management providers to achieve this clearance level, which allows the company to pre-screen shipments at its facility, thereby avoiding possible screening delays at the airport.

In 2007, Congress passed the Implementing Recommendations of the 9/11 Commission Act. This law mandates that by August 1, 2010, 100 percent of cargo transported on a passenger aircraft be screened at the piece level, prior to being transported on any passenger aircraft.

For the pharmaceutical and biotech industries, whose shipments typically include temperature and time sensitive materials, this new regulation could pose major obstacles and present bottlenecks in the air cargo supply chain. Due to the substantial increase in screening, shipping activities may contribute to significant delays that cannot be estimated with accuracy. However, pre-inspection at a CCSF may reduce or eliminate such delays as well as reduce the risk of transportation damage at an inspection terminal.

"This new mandate highlights how complex and intricate the pharmaceutical and biotech supply chain has become, which has been exacerbated by time and temperature constraints placed on many biomaterials and medical products," says Lori A. Ball, chief operating officer, BioStorage Technologies.

"Qualifying as a certified cargo screening facility reinforces our commitment to being a leader in sample management while allowing us to provide our customers with prompt and cost-effective shipping of temperature-sensitive biological samples."

Certified Cargo Screening Facilities must meet the rigorous security requirements for their physical location, personnel and screening. Organizations who choose not to participate in the program must consider alternative methods to comply with the mandate. Alternatives include sending goods by truck, rail, maritime, all-cargo aircraft or working with other certified entities including Independent Cargo Screening Facilities (ICSFs) and Indirect Air Carriers (IACs).

About BioStorage Technologies, Inc.:

BioStorage Technologies, Inc. is the global leader in sample storage, inventory management and cold-chain logistics for the biotechnology and pharmaceutical industries. The company offers more than 100,000 square feet of secure, temperature-controlled storage as well as real-time tracking of stored biological samples, and next-day retrieval and shipment of biomaterials. BioStorage Technologies, Inc. is privately held and headquartered in Indianapolis with an additional full-service site near Frankfurt, Germany. For more information, visit www.biostorage.com or call +1 (866) 697-2675 or +49-6155-898-1011.

SOURCE BioStorage Technologies, Inc.

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Aircastle Limited (the "Company" or "Aircastle") (NYSE: AYR) reported second quarter net income of $18.1 million or $0.23 per diluted common share, and adjusted net income of $20.5 million or $0.26 per diluted common share.

Commenting on the results, Ron Wainshal, Aircastle's CEO, stated: "We continued delivering consistently solid portfolio performance during the second quarter, as we benefitted from effective asset management and improving industry conditions.  We also capitalized on our strong operating track record and balance sheet by securing $1.1 billion in new financing commitments from a variety of debt sources, positioning us well to take advantage of a growing set of attractive new investment opportunities."

Lease rental revenue for the second quarter 2010 was $128.1 million, down 1.0% year over year and includes a decrease of $4.0 million due to aircraft transitions and lease extensions, of which $1.1 million relates to aircraft that were on the ground subject to a forward sale agreement.  These decreases were partially offset by the impact of aircraft acquisitions net of dispositions of $3.1 million.

Second quarter total revenues were $130.2 million, a decrease of $6.7 million from the second quarter 2009, and reflect lower lease rental revenue of $1.3 million, lower end of lease maintenance revenue of $2.8 million due to fewer scheduled lease transitions in 2010 and higher non-cash lease incentive amortization of $2.1 million.

EBITDA was $119.2 million, down $6.4 million from the second quarter of 2009, due to lower lease rental revenue and maintenance revenue of $4.1 million, higher mark to market expense on our undesignated hedges of $1.2 million and a loss on the sale of aircraft of $1.3 million.  These decreases in EBITDA were partially offset by lower maintenance and other costs of $1.1 million as a result of higher costs incurred in the second quarter of 2009 for repossessed aircraft.

Adjusted net income plus depreciation and amortization for the quarter was $79.8 million, down $1.5 million year over year, due primarily to lower lease rental revenue and maintenance revenue of $4.1 million, offset by lower maintenance and other expenses of $1.1 million and lower adjusted interest, net of $1.8 million.

Adjusted net income for the quarter was $20.5 million, down $6.4 million year over year, and reflects lower total revenues of $6.7 million, higher depreciation expense of $2.7 million, partially offset by lower maintenance and other costs of $1.1 million and lower adjusted interest, net of $1.8 million.

As disclosed previously, Aircastle owned three Boeing 757-200 aircraft subject to a forward sale agreement.  During the second quarter we completed the sale of the first aircraft and recorded a loss on the sale of $1.3 million reflecting additional maintenance costs incurred to meet delivery conditions under the sale agreement.  We anticipate completing the sale of the second aircraft during the third quarter of 2010.  The final aircraft is currently on lease and is scheduled to return from the current lessee and deliver under the sale agreement in late 2011.

(1) Refer to the selected financial information accompanying this press release for a reconciliation of GAAP to Non-GAAP numbers.

Aviation Assets

As of June 30, 2010, Aircastle owned 129 aircraft having a net book value of $3.7 billion.

In June we purchased a Boeing 737-800 aircraft and placed it on lease.  We also have a commitment to acquire three Airbus A330-200 aircraft from Sri Lankan Airlines, the flag carrier of Sri Lanka, in a sale-leaseback transaction (the "A330 SLB Aircraft").  The first aircraft closed in July 2010.  The remaining two aircraft are expected to close in the third quarter of 2010.  In addition we entered into a commitment to purchase one Boeing 737-800 aircraft which is subject to lease and is expected to close in the third quarter of 2010.

Financing Update

In July 2010, Aircastle Limited closed a private placement offering of 9.75% senior unsecured notes due in 2018, in an aggregate principal amount of $300 million.  The notes were issued at 98.645% of par and were offered only to qualified institutional buyers and buyers outside the United States in accordance with Rule 144A and Regulation S, respectively, under the Securities Act of 1933.  We used a portion of the net proceeds of the private placement to repay $25 million drawn under a credit facility used in connection with the purchase of the first A330 SLB Aircraft and plan to use the remaining net proceeds to repay all of its outstanding indebtedness under our Term Financing No. 2 and for general corporate purposes, including the purchase of aviation assets.

We secured a commitment from Citigroup Global Markets Inc. for a $50 million senior unsecured revolving credit facility which will have a three-year term and, subject to the completion of satisfactory documentation, is anticipated to be closed during the course of the third quarter.

In June, we entered into a $108 million loan facility to finance a portion of the pre delivery payments on six new Airbus A330 aircraft under the airbus A330 acquisition agreement (Airbus A330 Agreement).

In addition, in July 2010, we secured new financing commitments for our Airbus A330 Agreement which will benefit from an ECA guarantee provided by Compagnie Francaise d'Assurance pour le Commerce Exterieur, or COFACE, as follows:

• Sumitomo Mitsui Banking Corporation (SMBC) committed $250 million in debt to finance the first three new A330 Aircraft delivering to South African Airways; and

• Citibank, N.A. committed approximately $221 million and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BOTM) committed approximately $227 million, to finance six new A330 Aircraft.

Conference Call

In connection with this earnings release, management will host an earnings conference call on August 10, 2010 at 10:00 A.M. Eastern time.  All interested parties are welcome to participate on the live call.  The conference call can be accessed by dialing (866) 510-4578 (from within the U.S.) or (706) 634-9537 (from outside of the U.S.) ten minutes prior to the scheduled start and referencing the "Aircastle Second Quarter Earnings Call."

A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.aircastle.com.  Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast. A replay of the webcast will be available for three months following the call. In addition to this earnings release an accompanying power point presentation has been posted to the Investor Relations section of Aircastle's website.

For those who are not available to listen to the live call, a replay will be available until 11:59 P.M. Eastern time on Tuesday, August 17, 2010 by dialing (800) 642-1687 (from within the U.S.) or (706) 645-9291 (from outside of the U.S.);  please reference passcode "89643753."

About Aircastle Limited

Aircastle Limited is a global company that acquires, leases and sells high-utility commercial jet aircraft to airlines throughout the world.  As of June 30, 2010 Aircastle's aircraft portfolio consisted of 129 aircraft and had 63 lessees located in 36 countries.

Safe Harbor

Certain items in this press release and other information we provide from time to time, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not necessarily limited to, statements relating to our ability to acquire, sell,  lease or finance aircraft, raise capital, pay dividends, and increase revenues, earnings, EBITDA, Adjusted Net Income and Adjusted Net Income plus Depreciation and Amortization and the global aviation industry and aircraft leasing sector. Words such as "anticipates," "expects," "intends," "plans," "projects," "believes," "may," "will," "would," "could," "should," "seeks," "estimates" and variations on these words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of factors that could lead to actual results materially different from those described in the forward-looking statements; Aircastle Limited can give no assurance that its expectations will be attained. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. Factors that could have a material adverse effect on our operations and future prospects or that could cause actual results to differ materially from Aircastle Limited's expectations include, but are not limited to, prolonged capital markets disruption and volatility, which may adversely affect our continued ability to obtain additional capital to finance our working capital needs, our pre-delivery payment obligations and other aircraft acquisition commitments, our ability to extend or replace our existing financings, and the demand for and value of aircraft; our exposure to increased bank and counterparty risk caused by credit and capital markets disruptions; volatility in the value of our aircraft or in appraisals thereof, which may, among other things, result in increased principal payments under our term financings and reduce our cash flow available for investment or dividends; general economic conditions and business conditions affecting demand for aircraft and lease rates; our continued ability to obtain favorable tax treatment in Bermuda, Ireland and other jurisdictions; our ability to pay dividends; high or volatile fuel prices, lack of access to capital, reduced load factors and/or reduced yields, operational disruptions caused by volcanic activity and other factors affecting the creditworthiness of our airline customers and their ability to continue to perform their obligations under our leases; termination payments on our interest rate hedges; and other risks detailed from time to time in Aircastle Limited's filings with the SEC, including "Risk Factors" as previously disclosed in Aircastle's 2009 Annual Report on Form 10-K, and in our other filings with the SEC, press releases and other communications. In addition, new risks and uncertainties emerge from time to time, and it is not possible for Aircastle to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this press release. Aircastle Limited expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.