Company: AYR
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001628280-25-019189
Chunk: 69

Company: Aircastle LTD
Filing Date: 2025-04-23
Form: 10-K
Item: Item 16
Chunk 69
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 $90,408, respectively43,285 37,459 Flight equipment held for sale56,983 19,190 Aircraft purchase deposits and Embraer E-2 progress payments30,166 42,784 Right-of-use asset(1)14,655 16,053 Deferred rent receivable, net(2)20,086 15,825 Investments, at fair value(3)9,912 10,160 Other investments, net(2)(3)4,916 5,079 Other assets93,440 125,209 Total other assets$273,521 $271,807 ______________(1)Net of lease incentives and tenant allowances.(2)Net of an allowance for credit losses as of February 28, 2025 and February 29, 2024 – see Note 15.(3)See Note 2.

Note 15. Allowance for Credit Losses

The activity in the allowance for credit losses related to our net investment in leases, other investments, and deferred rent receivables for the years ended February 28, 2025 and February 29, 2024, were as follows:Net Investment in Leases, netOther Investments, netDeferred Rent Receivables, netTotalBalance at February 28, 2023$1,267 $— $— $1,267 Provision for credit losses6,726 3,209 2,146 12,081 Write-offs(279)— — (279)Balance at February 29, 20247,714 3,209 2,146 13,069 Provision for credit losses(300)890 8,125 8,715 Write-offs(612)— — (612)Balance at February 28, 2025$6,802 $4,099 $10,271 $21,172 During the year ended February 28, 2025, we recognized an additional provision for credit losses in respect of debt securities and certain receivables that were restructured as part of an airline restructuring.

F - 26

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

Note 16.  Accounts Payable, Accrued Expenses and Other Liabilities

Accounts payable, accrued expenses and other liabilities consisted of the following as of February