Company: AYR
Filing Date: 2025-01-10
Form Type: 10-Q
Source: 0001628280-25-001098
Chunk: 26

Company: Aircastle LTD
Filing Date: 2025-01-10
Form: 10-Q
Item: Part I, Item 1
Chunk 26
---
 a variety of sources, including export credit agency-backed debt, commercial bank debt, the aircraft securitization markets and the unsecured bond market.  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.

23

AIRCASTLE AIRCRAFT INFORMATION

The following table sets forth certain information with respect to the aircraft owned by us as of November 30, 2024 and 2023:

Owned AircraftAs ofNovember 30, 2024As ofNovember 30, 2023(Dollars in millions)Net Book Value of Flight Equipment$7,117 $6,837 Net Book Value of Unencumbered Flight Equipment$6,064 $5,438 Number of Aircraft244 236 Number of Unencumbered Aircraft213 198 Number of Lessees75 72 Number of Countries47 42 Weighted Average Age (Years)(1)9.7 9.4 Weighted Average Remaining Lease Term (Years)(1)5.2 5.3 Weighted Average Fleet Utilization during the three months ended November 30, 2024 and 2023(2)99.2 %99.1 %Weighted Average Fleet Utilization during the nine months ended November 30, 2024 and 2023(2)99.2 %97.9 %Portfolio Yield for the three months ended November 30, 2024 and 2023(3)9.4 %9.5 %Portfolio Yield for the nine months ended November 30, 2024 and 2023(3)9.4 %9.1 %Managed Aircraft