Company: AYR
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001628280-25-019189
Chunk: 58

Company: Aircastle LTD
Filing Date: 2025-04-23
Form: 10-K
Item: Item 16
Chunk 58
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 2024, our net investment in leases consisted of 14 and 15 aircraft, respectively.  We sold 1 aircraft that was subject to a sales-type lease during the year ended February 28, 2025.The components of our net investment in leases at February 28, 2025 and February 29, 2024 were as follows: February 28/29,20252024Lease receivable$121,202 $142,983 Unguaranteed residual value of flight equipment142,849 147,170 Net investment in leases264,051 290,153 Allowance for credit losses(6,802)(7,714)Net investment in leases, net$257,249 $282,439 As of February 28, 2025, future lease payments on net investment in leases were as follows:Year Ending February 28/29,Amount2026$15,517 202725,260 202826,263 202925,994 203022,891 Thereafter42,252 Total lease payments to be received158,177 Present value of lease payments – lease receivable(121,202)Difference between undiscounted lease payments and lease receivable$36,975 

F - 17

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

Note 6.  Concentration of RiskThe classification of regions in the tables below is based on our customers’ principal place of business.The geographic concentration of our Net Book Value as of February 28, 2025 and February 29, 2024 was as follows:February 28/29, 20252024RegionNumber ofAircraftNet BookValue %Number ofAircraftNet BookValue %Asia and Pacific67 28 %63 27 %Europe99 30 %90 30 %Middle East and Africa11 5 %9 5 %North America58 26 %46 23 %South America29 11 %32 14 %Off-lease1 (1)— %3 1 %Total265 100 %243 100 %_______________(1)We currently have 1 narrow-body freighter aircraft that we are marketing for lease or sale.The following table sets forth net book value of flight equipment attributable to individual countries representing at least 10%