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Concentration of Risk (Tables)
12 Months Ended
Feb. 29, 2024
Risks and Uncertainties [Abstract]  
Geographic concentration of lease rental revenue earnings
The geographic concentration of our Net Book Value as of February 29, 2024 and February 28, 2023 was as follows:
 February 29, 2024February 28, 2023
RegionNumber of
Aircraft
Net Book
Value %
Number of
Aircraft
Net Book
Value %
Asia and Pacific63 27 %62 28 %
Europe90 30 %88 30 %
Middle East and Africa%%
North America46 23 %38 20 %
South America32 14 %29 14 %
Off-lease
(1)
%14 %
Total243 100 %239 100 %
_______________
(1)Of the 3 off-lease aircraft at February 29, 2024, we have 1 narrow-body freighter aircraft that we are currently marketing for lease or sale.
Revenue attributable to individual countries
The following table sets forth Net Book Value of flight equipment attributable to individual countries representing at least 10% of Net Book Value of flight equipment based on each lessee’s principal place of business as of:
February 29, 2024February 28, 2023
RegionNet Book
Value
Net Book
Value %
Number
of
Lessees
Net Book
Value
Net Book
Value %
Number
of
Lessees
India(1)
$750,498 11%4$— —%
United States(1)
806,162 11%5— —%
_______________
(1)     As of February 28, 2023, India and the United States represented less than 10% of our Net Book Value.
Geographic concentration of net book value of flight equipment held for lease
The geographic concentration of our lease rental revenue earned from flight equipment held for lease was as follows:
Year Ended February 29,Year Ended February 28,
Region202420232022
Asia and Pacific29 %33 %29 %
Europe30 %29 %36 %
Middle East and Africa%%%
North America23 %19 %15 %
South America14 %14 %15 %
Total100 %100 %100 %
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:
Year Ended
February 29,
Year Ended February 28,
202420232022
Number of LesseesCombined % of
Lease Rental Revenue
Number of LesseesCombined % of
Lease Rental Revenue
Number of LesseesCombined % of
Lease Rental Revenue
Largest lessees by lease rental revenue(1)
321%321%638%
_______________
(1)The number of lessees and combined percentage for the year ended February 28, 2022, includes 1 of our Russian lessees, which accounted for 5% of total lease rental revenue. Lease rental revenue for this customer includes the recognition of lease rentals received in advance of $17.2 million into revenue; excluding this amount, this customer accounted for 2% of total lease rental revenue.