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Commitments and Contingencies
9 Months Ended
Nov. 30, 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, and $1.8 million and $1.4 million for the three and nine months ended November 30, 2023 and 2022, respectively.
As of November 30, 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)$735 
20252,957 
20262,801 
20272,738 
20282,769 
Thereafter17,817 
Total$29,817 
At November 30, 2023, we had commitments to acquire 12 aircraft for $402.7 million.
At November 30, 2023, commitments, including $34.4 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)$26,500 
202573,934 
2026204,343 
202797,876 
2028— 
Thereafter— 
Total$402,653