Company: AYR
Filing Date: 2025-07-10
Form Type: 10-Q
Source: 0001628280-25-034715
Chunk: 59

Company: Aircastle LTD
Filing Date: 2025-07-10
Form: 10-Q
Item: Part I, Item 8
Chunk 59
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ainder of fiscal year)$547,634 2027663,409 2028570,072 2029491,429 2030397,504 Thereafter1,143,151 Total$3,813,199 _______________(1)Reflects impact of lessee lease rental deferrals.

12

Aircastle Limited and SubsidiariesNotes to Unaudited Consolidated Financial Statements(Dollars in thousands, except per share amounts)May 31, 2025

At May 31, 2025 and February 28, 2025, the amounts of lease incentive liabilities recorded in maintenance payments on our consolidated balance sheets were $28.0 million and $34.8 million, respectively.

Note 5. Net Investment in Leases, Net

At May 31, 2025 and February 28, 2025, our net investment in leases consisted of 14 aircraft.  The components of our net investment in leases at May 31, 2025 and February 28, 2025, were as follows:May 31, 2025February 28, 2025Lease receivable$116,820 $121,202 Unguaranteed residual value of flight equipment145,578 142,849 Net investment leases262,398 264,051 Allowance for credit losses(6,644)(6,802)Net investment in leases, net$255,754 $257,249 At May 31, 2025, future lease payments to be received under our net investment in leases were as follows:Year Ending February 28/29,Amount2026 (Remainder of fiscal year)$8,836 202725,236 202826,239 202925,970 203022,867 Thereafter42,213 Total lease payments to be received151,361 Present value of lease payments - lease receivable(116,820)Difference between undiscounted lease payments and lease receivable$34,541 

Note 6. Concentration of Risk

The classification of regions in the tables below is based on our customers’ principal place of business.The geographic concentration of the net book value of our fleet (flight equipment held for lease and net investment in leases, or “Net Book Value”) as of May 31, 2025 and February 28, 2025, was as follows: May 31, 2025February 28