Company: AYR
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001628280-25-019189
Chunk: 80

Company: Aircastle LTD
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1
Chunk 80
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— — — — — — 5 5 1 4 1 — — — 16 Freighters— — — — — 3 — 1 1 — — — 1 — 6 Total10 33 31 31 33 21 29 21 14 14 5 6 1 16 265 

5

Fiscal Year 2025 Lease Expirations and Lease Placements

As of April 16, 2025, we have 1 off-lease aircraft and 10 aircraft with leases expiring in fiscal year 2025, which combined account for 2% of our Net Book Value at February 28, 2025, still to be placed or sold.

Fiscal Year 2026-2029 Lease Expirations and Lease Placements

Taking into account lease and sale commitments, we currently have the following number of aircraft with lease expirations scheduled between fiscal years 2026 and 2029, representing the percentage of our Net Book Value at February 28, 2025, specified below:

•2026: 33 aircraft, representing 10%;

•2027: 31 aircraft, representing 10%;

•2028: 31 aircraft, representing 9%; and

•2029: 33 aircraft, representing 12%.

Lease Management and Remarketing

Our aircraft re-leasing strategy is to develop opportunities proactively, well in advance of scheduled lease expiration. This enables consideration of a broad set of alternatives, including deployment, sale or part-out, and to allow for reconfiguration or maintenance lead times where needed.  We also take a proactive approach to monitoring the credit quality of our customers and may seek early return and redeployment of aircraft if we feel that a lessee is unlikely to perform its obligations under a lease.  We have invested significant resources in developing and implementing modern, efficient lease management information systems and processes to enable effective management of aircraft in our portfolio.

Portfolio Risk Management

Our objective is to build and maintain a lease portfolio that is balanced and diversified and delivers returns commensurate with risk. We have a defined risk appetite to assist in portfolio risk management and highlight areas where action to mitigate risk may be appropriate, and take into account the following:

• individual lessee exposures;

• geographic concentrations;

• aircraft type concentrations;

• portfolio credit quality distribution; and

• lease maturity distribution