Company: AYR
Filing Date: 2025-07-10
Form Type: 10-Q
Source: 0001628280-25-034715
Chunk: 24

Company: Aircastle LTD
Filing Date: 2025-07-10
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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, the aircraft securitization market and Japanese Operating Lease with Call Option financings, which have been originated by Marubeni.  The diversity and global nature of our financing sources demonstrate our ability to adapt to changing market conditions and seize new growth opportunities.

We intend to fund new investments through cash on hand, funds generated from operations, maintenance payments received from lessees, equity offerings, unsecured bond offerings, borrowings secured by our aircraft, draws under our revolving credit facilities and proceeds from any future aircraft sales.  We may repay all or a portion of such borrowings from time to time with the net proceeds from subsequent long-term debt financings, additional equity offerings or cash generated from operations and asset sales.  Therefore, our ability to execute our business strategy, particularly the acquisition of additional commercial jet aircraft or other aviation assets, depends to a significant degree on our ability to obtain additional debt and equity capital on terms we deem attractive.

See “Liquidity and Capital Resources” below.

22

AIRCASTLE AIRCRAFT INFORMATION

The following table sets forth certain information with respect to our owned aircraft and aircraft managed by us on behalf of our joint venture as of May 31, 2025 and 2024:

As of May 31,20252024Owned Aircraft(Dollars in millions)Net Book Value of Flight Equipment$8,149 $7,327 Net Book Value of Unencumbered Flight Equipment$8,029 $5,958 Number of Aircraft264 250 Number of Unencumbered Aircraft260 212 Number of Lessees77 76 Number of Countries47 44 Weighted Average Age (years)(1)8.9 9.6 Weighted Average Remaining Lease Term (years)(1)5.6 5.2 Weighted Average Fleet Utilization during the First Quarter(2)99.5 %99.1 %Portfolio Yield for the First Quarter(3)9.4 %9.2 %Managed Aircraft on behalf of Joint VentureNet Book Value of Flight Equipment$241 $268 Number of Aircraft8 9 

(1)Weighted by Net Book Value.

(2)Aircraft on-lease days as a percentage of total days in period weighted by Net Book Value.

(3)Lease rental revenue, interest income and cash collections on our net investment in leases for the period as a percentage of the average Net Book Value for the period; quarterly information