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Commitments and Contingencies
3 Months Ended
May 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Rent expense, primarily for the corporate offices and sales and marketing offices, was $0.5 million and $0.4 million for the three months ended May 31, 2022 and 2021, respectively.
As of May 31, 2022, Aircastle is obligated under non-cancelable operating leases relating principally to office facilities in Stamford, Connecticut; Dublin, Ireland; and Singapore for future minimum lease payments as follows:
Year Ending February 28/29,Amount
2023 (Remainder of fiscal year)$1,362 
20241,753 
20251,784 
20261,632 
20271,571 
Thereafter2,412 
Total$10,514 
At May 31, 2022, we had commitments to acquire 23 aircraft for $829.3 million.
Commitments, including $63.7 million of remaining progress payments, contractual price escalations and other adjustments for these aircraft, at May 31, 2022, net of amounts already paid, are as follows:
Year Ending February 28/29,Amount
2023 (Remainder of fiscal year)$472,452 
2024171,258 
2025185,563 
2026— 
2027— 
Thereafter— 
Total$829,273