Company: AYR
Filing Date: 2025-07-10
Form Type: 10-Q
Source: 0001628280-25-034715
Chunk: 66

Company: Aircastle LTD
Filing Date: 2025-07-10
Form: 10-Q
Item: Part I, Item 8
Chunk 66
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-cancelable office leases were as follows:Year Ending February 28/29,Amount2026 (Remainder of fiscal year)$2,084 20272,772 20282,803 20292,010 20301,201 Thereafter15,111 Total$25,981 At May 31, 2025, we had commitments to purchase 23 aircraft for $1.2 billion.At May 31, 2025, commitments, 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)$429,234 2027607,951 2028162,991 2029— 2030— Thereafter— Total$1,200,176 

Note 14. Other Assets

Other assets consisted of the following as of May 31, 2025 and February 28, 2025:May 31,2025February 28,2025Deferred income tax asset$78 $78 Lease incentives and premiums, net of accumulated amortization of $78,707 and $73,915, respectively35,592 43,285 Flight equipment held for sale9,935 56,983 Aircraft purchase deposits and Embraer E-2 progress payments29,780 30,166 Right-of-use asset(1)14,287 14,655 Deferred rent receivable, net(2)3,243 20,086 Investments, at fair value(3)10,369 9,912 Other investments, net(2)(3)728 4,916 Other assets98,010 93,440 Total other assets$202,022 $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.

18

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

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 three months ended May 31, 2025,