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Commitments and Contingencies
3 Months Ended
May 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Rent expense, primarily for the corporate office and sales and marketing facilities, was $0.6 million and $0.5 million for the three months ended May 31, 2023 and 2022, respectively.
As of May 31, 2023, 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
2024 (Remainder of fiscal year)$2,522 
20252,933 
20262,709 
20272,717 
20282,748 
Thereafter16,716 
Total$30,345 
At May 31, 2023, we had commitments to acquire 12 aircraft for $406.6 million.
At May 31, 2023, commitments, including $39.4 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,Amount
2024 (Remainder of fiscal year)$138,239 
2025171,533 
202696,848 
2027— 
2028— 
Thereafter— 
Total$406,620