Company: AYR
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001628280-25-044676
Chunk: 103

Company: Aircastle LTD
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 2
Chunk 103
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 billion included $1.8 billion of undrawn credit facilities, $0.5 billion of projected adjusted operating cash flows and contracted asset sales and $0.2 billion of unrestricted cash through October 1, 2026.  In addition, we believe payments received from lessees and other funds generated from operations, unsecured bond offerings, borrowings secured by our aircraft, borrowings under our revolving credit facilities and other borrowings and proceeds from future aircraft sales will be sufficient to satisfy our liquidity and capital resource needs over the next twelve months. Our liquidity and capital resource needs include payments due under our aircraft purchase obligations, required principal and interest payments under our long-term debt facilities, expected capital expenditures, lessee maintenance payment reimbursements and lease incentive payments.

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Cash Flows

 Six Months Ended August 31, 20252024 (Dollars in thousands)Net cash flow provided by operating activities$218,647 $204,903 Net cash flow used in investing activities(629,644)(7,484)Net cash flow provided by financing activities279,288 105,168 

Operating Activities: 

Cash flow provided by operating activities was $218.6 million and $204.9 million for the six months ended August 31, 2025 and 2024, respectively.  The increase was primarily attributable to higher customer collections related to the growth of our fleet and higher lease rates on lease extensions during the six months ended August 31, 2025.  In addition, cash paid for interest was lower due to the timing of interest payments.

Investing Activities:

Cash flow used in investing activities was $629.6 million and $7.5 million for the six months ended August 31, 2025 and 2024, respectively.  The net increase of $622.2 million was primarily attributable to an increase of $644.8 million in the acquisition and improvement of flight equipment.  Additionally, we received cash proceeds of $40.9 million in settlement of the Company’s claims against certain of the insurers under its C&P Policies — see Note 3 to the Notes to Unaudited Consolidated Financial Statements.  This was partially offset by a decrease of $29.8 million from the sale or disposition of aircraft and other flight equipment during the six months ended August 31, 2025.

Financing Activities:

Cash flow provided by financing activities was $279.3 million and $105.2 million for the six months ended August 31,