Company: AYR
Filing Date: 2025-01-10
Form Type: 10-Q
Source: 0001628280-25-001098
Chunk: 12

Company: Aircastle LTD
Filing Date: 2025-01-10
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 2026622,185 2027547,235 2028445,654 2029368,602 Thereafter941,164 Total$3,090,116 _______________(1)Reflects impact of lessee lease rental deferrals.At November 30, 2024 and February 29, 2024, the amounts of lease incentive liabilities recorded in maintenance payments on our consolidated balance sheets were $32.0 million and $26.6 million, respectively.

Note 5. Net Investment in Leases, Net

At November 30, 2024 and February 29, 2024, our net investment in leases consisted of 14 aircraft and 15 aircraft, respectively. The components of our net investment in leases at November 30, 2024 and February 29, 2024, were as follows:November 30, 2024February 29, 2024Lease receivable$125,472 $142,983 Unguaranteed residual value of flight equipment140,038 147,170 Net investment leases265,510 290,153 Allowance for credit losses(6,871)(7,714)Net investment in leases, net$258,639 $282,439 At November 30, 2024, future lease payments to be received under our net investment in leases were as follows:Year Ending February 28/29,Amount2025 (Remainder of fiscal year)$5,650 202616,589 202725,260 202826,263 202925,994 Thereafter65,143 Total lease payments to be received164,899 Present value of lease payments - lease receivable(125,472)Difference between undiscounted lease payments and lease receivable$39,427 

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Aircastle Limited and SubsidiariesNotes to Unaudited Consolidated Financial Statements(Dollars in thousands, except per share amounts)November 30, 2024

Note 6. Concentration of Risk

The classification of regions in the tables below is based on our customers’ principal place of business.The geographic concentration of the net book value of our fleet (flight equipment held for lease and net investment in leases, or “Net Book Value”) as of November 30, 2024, and February 29, 2024, was as follows: November 30, 2024February 29, 2024RegionNumber