Company: AYR
Filing Date: 2025-10-09
Form Type: 10-Q
Source: 0001628280-25-044676
Chunk: 0

Company: Aircastle LTD
Filing Date: 2025-10-09
Form: 10-Q
Item: Part I, Item 1
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ITEM 1.   CONSOLIDATED FINANCIAL STATEMENTS

Aircastle Limited and Subsidiaries

Consolidated Balance Sheets

(Dollars in thousands, except share data)

August 31,2025February 28,2025(Unaudited)ASSETSCash and cash equivalents$147,343 $279,052 Accounts receivable12,111 9,662 Flight equipment held for lease, net8,215,532 7,644,867 Net investment in leases, net254,404 257,249 Unconsolidated equity method investment46,668 45,813 Other assets208,903 273,521 Total assets$8,884,961 $8,510,164 LIABILITIES AND SHAREHOLDERS’ EQUITYLIABILITIESBorrowings from secured financings, net$113,863 $502,609 Borrowings from unsecured financings, net5,133,849 4,452,781 Accounts payable, accrued expenses and other liabilities343,538 295,132 Lease rentals received in advance65,620 68,120 Security deposits69,277 82,477 Maintenance payments568,191 583,658 Total liabilities6,294,338 5,984,777 Commitments and ContingenciesSHAREHOLDERS’ EQUITYPreference shares, $0.01 par value, 50,000,000 shares authorized, 400 (aggregate liquidation preference of $400,000) shares issued and outstanding at August 31, 2025 and February 28, 2025— — Common shares, $0.01 par value, 250,000,000 shares authorized, 17,840 shares issued and outstanding at August 31, 2025 and February 28, 2025— — Additional paid-in capital2,378,774 2,378,774 Retained earnings211,849 146,613 Total shareholders’ equity2,590,623 2,525,387 Total liabilities and shareholders’ equity$8,884,961 $8,510,164 

The accompanying notes are an integral part of these unaudited consolidated financial statements.

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Aircastle Limited and Subsidiaries

Consolidated Statements of Income and Comprehensive Income

(Dollars in thousands)

(Unaudited)

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