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Commitments and Contingencies
12 Months Ended
Feb. 29, 2024
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Rent expense, primarily for the corporate office and sales and marketing facilities, was $2.3 million, $2.1 million and $1.6 million for the years ended February 29, 2024, and February 28, 2023 and 2022, respectively.
As of February 29, 2024, Aircastle is obligated under non-cancelable operating leases relating principally to office facilities in the United States, Ireland and Singapore for future minimum lease payments as follows:
Year Ending February 28/29,Amount
2025$2,938 
20262,783 
20272,721 
20282,752 
20291,959 
Thereafter15,617 
Total$28,770 
At February 29, 2024, we had commitments to acquire 17 aircraft for $525.1 million.
Commitments under signed purchase agreements, including $34.4 million of remaining progress payments, contractual price escalations and other adjustments for these aircraft at February 29, 2024, net of amounts already paid, were as follows:
Year Ending February 28/29,Amount
2025$222,834 
2026204,343 
202797,876 
2028— 
2029— 
Thereafter— 
Total$525,053