Company: AYR
Filing Date: 2025-07-10
Form Type: 10-Q
Source: 0001628280-25-034715
Chunk: 3

Company: Aircastle LTD
Filing Date: 2025-07-10
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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 assets assumed in asset acquisitions$28,817 $7,318 Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets settled in sale of flight equipment$4,567 $1,273 Transfers from flight equipment held for lease to Net investment in leases and Other assets$1,289 $6,310 

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

6

Aircastle Limited and Subsidiaries

Consolidated Statements of Changes in Shareholders’ Equity

(Dollars in thousands, except share amounts)

(Unaudited)

 Common SharesPreference SharesAdditional Paid-In CapitalRetained EarningsTotal Shareholders’ EquitySharesAmountSharesAmountBalance, February 28, 202517,840 $— 400 $— $2,378,774 $146,613 $2,525,387 Net income— — — — — 49,287 49,287 Common share dividends— — — — — (30,784)(30,784)Balance, May 31, 202517,840 $— 400 $— $2,378,774 $165,116 $2,543,890 Common SharesPreference SharesAdditional Paid-In CapitalRetained EarningsTotal Shareholders’ EquitySharesAmountSharesAmountBalance, February 29, 202415,564 $— 400 $— $2,078,774 $55,000 $2,133,774 Net income— — — — — 16,081 16,081 Balance, May 31, 202415,564 $— 400 $— $2,078,774 $71,081 $2,149,855 

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

7

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

Note 1. Summary of Significant Accounting Policies

OrganizationAircastle Limited (“Aircastle,” the “Company,” “we,” “us” or “our”) is a Bermuda company that was incorporated on October 29, 2004, under the provisions of Section 14 of the Companies Act of 1981 of Bermuda.