Net Investment in Leases, Net (Tables)

9 Months Ended

Nov. 30, 2023

Leases [Abstract]

Schedule of Components of Net Investment in Leases

The components of our net investment in leases at November 30, 2023 and February 28, 2023, were as follows:

	November 30, 2023		February 28, 2023
Lease receivable	$	131,070	$	31,674
Unguaranteed residual value of flight equipment	124,811		37,287
Net investment leases	255,881		68,961
Allowance for credit losses	(7,039)		(1,267)
Net investment in leases, net	$	248,842	$	67,694

Sales-type and Direct Financing Leases, Lease Receivable, Maturity

At November 30, 2023, future lease payments to be received under our net investment in leases were as follows:

Year Ending February 28/29,	Amount
2024 (Remainder of fiscal year)	$	6,972
2025	23,711
2026	22,884
2027	23,111
2028	23,111
Thereafter	73,548
Total lease payments to be received	173,337
Present value of lease payments - lease receivable	(131,070)
Difference between undiscounted lease payments and lease receivable	$	42,267