Company: AYR
Filing Date: 2025-07-10
Form Type: 10-Q
Source: 0001628280-25-034715
Chunk: 0

Company: Aircastle LTD
Filing Date: 2025-07-10
Form: 10-Q
Item: Part I, Item 1
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ITEM 1.   CONSOLIDATED FINANCIAL STATEMENTS

Aircastle Limited and Subsidiaries

Consolidated Balance Sheets

(Dollars in thousands, except share data)

May 31,2025February 28,2025(Unaudited)ASSETSCash and cash equivalents$223,230 $279,052 Accounts receivable12,134 9,662 Flight equipment held for lease, net7,893,567 7,644,867 Net investment in leases, net255,754 257,249 Unconsolidated equity method investment46,206 45,813 Other assets202,022 273,521 Total assets$8,632,913 $8,510,164 LIABILITIES AND SHAREHOLDERS’ EQUITYLIABILITIESBorrowings from secured financings, net$114,608 $502,609 Borrowings from unsecured financings, net4,919,677 4,452,781 Accounts payable, accrued expenses and other liabilities355,684 295,132 Lease rentals received in advance69,660 68,120 Security deposits68,636 82,477 Maintenance payments560,758 583,658 Total liabilities6,089,023 5,984,777 Commitments and ContingenciesSHAREHOLDERS’ EQUITYPreference shares, $0.01 par value, 50,000,000 shares authorized, 400 (aggregate liquidation preference of $400,000) shares issued and outstanding at May 31, 2025 and February 28, 2025— — Common shares, $0.01 par value, 250,000,000 shares authorized, 17,840 shares issued and outstanding at May 31, 2025 and February 28, 2025— — Additional paid-in capital2,378,774 2,378,774 Retained earnings165,116 146,613 Total shareholders’ equity2,543,890 2,525,387 Total liabilities and shareholders’ equity$8,632,913 $8,510,164 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

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Aircastle Limited and Subsidiaries

Consolidated Statements of Income and Comprehensive Income

(Dollars in thousands)

(Unaudited)

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