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Concentration of Risk (Tables)
6 Months Ended
Aug. 31, 2023
Risks and Uncertainties [Abstract]  
Long-lived Assets by Geographic Areas 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.
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country 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.
Revenue from External Customers by Geographic Areas 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 %
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas 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%