Company: AYR
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001628280-25-044676
Chunk: 69

Company: Aircastle LTD
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 including $34.4 million of remaining progress payments, contractual price escalations and other adjustments for these aircraft, net of amounts already paid, were as follows:Year Ending February 28/29,Amount2026 (Remainder of fiscal year)$186,834 2027607,951 2028162,991 2029— 2030— Thereafter— Total$957,776 

19

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

Note 14. Other Assets

Other assets consisted of the following as of August 31, 2025 and February 28, 2025:August 31,2025February 28,2025Deferred income tax asset$20 $78 Lease incentives and premiums, net of accumulated amortization of $80,370 and $73,915, respectively32,121 43,285 Flight equipment held for sale11,246 56,983 Aircraft purchase deposits and Embraer E-2 progress payments33,785 30,166 Right-of-use asset(1)13,919 14,655 Deferred rent receivable, net(2)— 20,086 Investments, at fair value(3)5,446 9,912 Other investments, net(2)(3)728 4,916 Other assets111,638 93,440 Total other assets$208,903 $273,521 ______________(1)Net of lease incentives and tenant allowances.(2)Net of an allowance for credit losses – 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 six months ended August 31, 2025, was as follows:Net Investment in Leases, netOther Investments, netDeferred Rent Receivables, netTotalBalance at February 28, 2025$6,802 $4,099 $10,271 $21,172 Provision for credit losses(274)— 300 26 Write-offs— (4,099)(10,571)(14,670)Balance at August 31, 2025$6,528 $— $—