Company: AYR
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001628280-25-044676
Chunk: 56

Company: Aircastle LTD
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 8
Chunk 56
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, at fair value$5,446 $1,548 $— $3,898 

9

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

  Fair Value Measurements at February 28, 2025Using Fair Value Hierarchy Fair Value as of February 28, 2025Quoted Pricesin ActiveMarkets forIdenticalAssets(Level 1)SignificantOtherObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)ValuationTechniqueAssets:Cash and cash equivalents$279,052 $279,052 $— $— MarketInvestments, at fair value:  Investment in debt securities$5,029 $— $— $5,029 Income  Investment in equity securities4,883 985 — 3,898 Market/IncomeTotal investments, at fair value$9,912 $985 $— $8,927 Our cash and cash equivalents consist largely of money market securities that are highly liquid and easily tradable. These securities are valued using inputs observable in active markets for identical securities (Level 1). Our investments in debt and equity securities consist of notes and shares received as a result of claims settlements from various airline customers that had entered into bankruptcy proceedings or similar-type restructurings. Our investment in equity securities that are traded in an active market have been valued using quoted market prices (Level 1). Our investments in other equity securities and debt securities for which there is no active market or there is limited market data have been valued using the income approach (Level 3).During the three months ended August 31, 2025, we sold certain notes received from our airline customers and, as a result, held no investments in debt securities that were measured at fair value as of August 31, 2025.For the three and six months ended August 31, 2025, we had no transfers into or out of Level 3.Assets Measured at Fair Value on a Non-recurring BasisWe measure the fair value of certain assets and liabilities on a non-recurring basis, when U.S. GAAP requires the application of fair value, including events or changes in circumstances that indicate the carrying amounts of these assets may not be recoverable. Assets subject to these measurements include our aircraft and unconsolid