Lease Rental Revenues

9 Months Ended

Nov. 30, 2023

Leases [Abstract]

Lease Rental Revenues

Note 4. Lease Rental Revenues

Minimum future lease rentals contracted to be received under our existing operating leases of flight equipment at November 30, 2023 were as follows:

Year Ending February 28/29,	Amount(1)
2024 (Remainder of fiscal year)	$	151,479
2025	555,800
2026	457,573
2027	396,182
2028	321,596
Thereafter	965,887
Total	$	2,848,517

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(1)Reflects impact of lessee lease rental deferrals.

At November 30, 2023 and February 28, 2023, the amounts of lease incentive liabilities recorded in maintenance payments on our consolidated balance sheets were $27.5 million and $22.4 million, respectively.