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Toni Perazzo
Acting President and Chief Financial Officer
(650) 340-1888

FOR IMMEDIATE RELEASE

AeroCentury Corp. Announces Aircraft Purchase

(BURLINGAME, CA), December 16, 2014 — AeroCentury Corp. (NYSE MKT: ACY), an independent aircraft leasing company, today announced the purchase from and leaseback to Adria Airways of two Bombardier CRJ900 aircraft.

"These are our first CRJ900’s," said Neal D. Crispin, President of AeroCentury. "Adria Airways, a Star Alliance member, is the national carrier of Slovenia and offers scheduled flights to twenty-two destinations throughout Europe. We are pleased to be adding a new aircraft type and a new customer at the same time."

"Bombardier CRJ900 regional jets are providing excellent cost efficiency and network flexibility and have been very well received by our passengers," said Mark Anžur, Chief Executive Officer at Adria Airways. "We are very pleased to have performed a sale and leaseback of two CRJ900 aircraft with AeroCentury."

AeroCentury is an aircraft operating lessor and finance company specializing in leasing regional aircraft and engines utilizing triple net leases. The Company's aircraft and engines are leased to regional airlines and commercial users worldwide.