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Toni Perazzo
Chief Financial Officer
(650) 340-1888                                            FOR IMMEDIATE RELEASE

AEROCENTURY CORP. REVOLVING CREDIT LINE EXTENSION

(BURLINGAME, CA), September 1, 2004 - AeroCentury Corp., (ASE:ACY), an independent aircraft leasing company, reached agreement as of August 30, 2004 with its credit facility lenders led by National City Bank (NYSE:NCC) to extend the maturity date of the facility to October 29, 2004.

The full text of the amendment has been filed in a Form 8-K report with the Securities & Exchange Commission, and is available through the Internet at the SEC’s EDGAR system. The filing can also be accessed by clicking "Investor Relations" on the Company's home page at http://www.aerocentury.com and then selecting “SEC Filings.”

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 on lease to regional airlines and commercial users worldwide.

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