Company: AYR
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001628280-25-019189
Chunk: 53

Company: Aircastle LTD
Filing Date: 2025-04-23
Form: 10-K
Item: Item 16
Chunk 53
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 recurring basis by level within the fair value hierarchy.  Assets measured at fair value are classified in their entirety based on the lowest level of input that is significant to their fair value measurement. Fair Valueas ofFebruary 28, 2025Fair Value Measurements at February 28, 2025Using Fair Value Hierarchy Level 1Level 2Level 3ValuationTechniqueAssets:Cash and cash equivalents$279,052 $279,052 $— $— MarketInvestments, at fair valueInvestment in debt securities$5,029 $— $— $5,029 IncomeInvestment in equity securities4,883 985 — 3,898 Market/IncomeTotal investments, at fair value$9,912 $985 $— $8,927 

F - 13

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

 Fair Valueas ofFebruary 29, 2024Fair Value Measurements at February 29, 2024Using Fair Value Hierarchy Level 1Level 2Level 3ValuationTechniqueAssets:Cash and cash equivalents$129,977 $129,977 $— $— MarketInvestments, at fair valueInvestment in debt securities$5,029 $— $— $5,029 IncomeInvestment in equity securities5,131 1,687 — 3,444 Market/IncomeTotal investments, at fair value$10,160 $1,687 $— $8,473 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).For the years ended February 28, 2025 and February 29, 2024, we had no transfers into or out of Level 3.Assets