Concentration of Risk	3 Months Ended
Aug. 31, 2022
Risks and Uncertainties [Abstract]
Concentration of Risk	Note 6. Concentration of RiskThe classification of regions in the tables below is based on our customers’ principal place of business.The geographic concentration of the net book value of our fleet (flight equipment held for lease and net investment in leases, or “Net Book Value”) as of August 31, 2023, and February 28, 2023 was as follows: August 31, 2023February 28, 2023RegionNumberofAircraftNet BookValue %NumberofAircraftNet BookValue %Asia and Pacific62 28 %62 28 %Europe90 30 %88 30 %Middle East and Africa7 2 %8 3 %North America43 23 %38 20 %South America31 15 %29 14 %Off-lease6 (1)2 %14 5 %Total239 100 %239 100 %_______________(1)Of the 6 off-lease aircraft at August 31, 2023, we currently have 3 narrow-body aircraft that are undergoing freighter conversion which we are marketing for lease.The following table sets forth individual countries representing at least 10% of our Net Book Value as of August 31, 2023, and February 28, 2023: August 31, 2023February 28, 2023CountryNet BookValueNet BookValue %NumberofLesseesNet BookValueNet BookValue %NumberofLesseesUnited States(1)$671,246 10%5$— —%—_______________(1) As of February 28, 2023, the United States represented less than 10% of our Net Book Value.The geographic concentration of our lease rental revenue earned from flight equipment held for lease was as follows: Three Months Ended August 31,Six Months Ended August 31,Region2023202220232022Asia and Pacific29 %35 %30 %34 %Europe31 %29 %30 %29 %Middle East and Africa4 %5 %4 %5 %North America23 %18 %23 %17 %South America13 %13 %13 %15 %Total100 %100 %100 %100 %The following table shows the number of lessees with lease rental revenue of at least 5% of total lease rental revenue and their combined total percentage of lease rental revenue for the periods indicated:Three Months Ended August 31,Six Months Ended August 31,2023202220232022Number of LesseesCombined % of Lease Rental RevenueNumber of LesseesCombined % of Lease Rental RevenueNumber of LesseesCombined % of Lease Rental RevenueNumber of LesseesCombined % of Lease Rental RevenueLargest lessees by lease rental revenue321%428%321%323%For the three months ended August 31, 2023, total revenue attributable to the United States and India was 13% and 11%, respectively. Total revenue attributable to the Unites States included $4.1 million from gains on sales of flight equipment for the three months ended August 31, 2023. For the six months ended August 31, 2023, total revenue attributable to the United States and India was less than 10%. For the three months ended August 31, 2022, total revenue attributable to the U.K, the United States, and India was 11%, 11%, and 10%, respectively. Total revenue attributable to the U.K. included $11.9 million of maintenance revenue resulting from the lease termination of 1 freighter aircraft. For the six months ended August 31, 2022, total revenue attributable to India was 11% and for the United States and the U.K. was less than 10%.

Concentration of Risk

3 Months Ended

Aug. 31, 2022

Note 6. Concentration of RiskThe classification of regions in the tables below is based on our customers’ principal place of business.The geographic concentration of the net book value of our fleet (flight equipment held for lease and net investment in leases, or “Net Book Value”) as of August 31, 2023, and February 28, 2023 was as follows: August 31, 2023February 28, 2023RegionNumberofAircraftNet BookValue %NumberofAircraftNet BookValue %Asia and Pacific62 28 %62 28 %Europe90 30 %88 30 %Middle East and Africa7 2 %8 3 %North America43 23 %38 20 %South America31 15 %29 14 %Off-lease6 (1)2 %14 5 %Total239 100 %239 100 %_______________(1)Of the 6 off-lease aircraft at August 31, 2023, we currently have 3 narrow-body aircraft that are undergoing freighter conversion which we are marketing for lease.The following table sets forth individual countries representing at least 10% of our Net Book Value as of August 31, 2023, and February 28, 2023: August 31, 2023February 28, 2023CountryNet BookValueNet BookValue %NumberofLesseesNet BookValueNet BookValue %NumberofLesseesUnited States(1)$671,246 10%5$— —%—_______________(1) As of February 28, 2023, the United States represented less than 10% of our Net Book Value.The geographic concentration of our lease rental revenue earned from flight equipment held for lease was as follows: Three Months Ended August 31,Six Months Ended August 31,Region2023202220232022Asia and Pacific29 %35 %30 %34 %Europe31 %29 %30 %29 %Middle East and Africa4 %5 %4 %5 %North America23 %18 %23 %17 %South America13 %13 %13 %15 %Total100 %100 %100 %100 %The following table shows the number of lessees with lease rental revenue of at least 5% of total lease rental revenue and their combined total percentage of lease rental revenue for the periods indicated:Three Months Ended August 31,Six Months Ended August 31,2023202220232022Number of LesseesCombined % of Lease Rental RevenueNumber of LesseesCombined % of Lease Rental RevenueNumber of LesseesCombined % of Lease Rental RevenueNumber of LesseesCombined % of Lease Rental RevenueLargest lessees by lease rental revenue321%428%321%323%For the three months ended August 31, 2023, total revenue attributable to the United States and India was 13% and 11%, respectively. Total revenue attributable to the Unites States included $4.1 million from gains on sales of flight equipment for the three months ended August 31, 2023. For the six months ended August 31, 2023, total revenue attributable to the United States and India was less than 10%. For the three months ended August 31, 2022, total revenue attributable to the U.K, the United States, and India was 11%, 11%, and 10%, respectively. Total revenue attributable to the U.K. included $11.9 million of maintenance revenue resulting from the lease termination of 1 freighter aircraft. For the six months ended August 31, 2022, total revenue attributable to India was 11% and for the United States and the U.K. was less than 10%.