Company: AYR
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001628280-25-044676
Chunk: 14

Company: Aircastle LTD
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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Combined % of Lease Rental RevenueNumber of LesseesCombined % of Lease Rental RevenueNumber of LesseesCombined % of Lease Rental RevenueLargest lessees by lease rental revenue216%214%216%215%

14

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

For the three months ended August 31, 2025, the United States and India comprised 24% and 11% of total revenue, respectively.  Total revenue attributable to the United States included $18.7 million from gains on sale or disposition of flight equipment.For the six months ended August 31, 2025, the United States and India comprised 23% and 10% of total revenue, respectively.  Total revenue attributable to the United States included $45.3 million from gains on sale or disposition of flight equipment.

Note 7. Unconsolidated Equity Method Investment

We have an unconsolidated equity method investment with Mizuho Leasing, which has 8 aircraft with a Net Book Value of $238.1 million at August 31, 2025.AmountBalance at February 28, 2025$45,813 Earnings of unconsolidated equity method investment, net of tax855 Balance at August 31, 2025$46,668 On May 15, 2025, the Company received $1.0 million from our equity method investee as full repayment of the aggregate principal amount outstanding under a loan agreement.On August 18, 2025, we entered into a new loan agreement to provide our equity method investee with a $1.0 million unsecured loan facility, which bears interest at a rate of Term Secured Overnight Funding Rate (“SOFR”) (as defined in the loan agreement) plus 2% and is payable on August 18, 2026.

15

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

Note 8. Borrowings from Secured and Unsecured Debt Financings

The outstanding amounts of our secured and unsecured debt financings were as follows: At August 31, 2025At February 28, 2025Debt ObligationOutstandingBorrowingsNumber of AircraftInterest RateFinal StatedM