XML 23 R11.htm IDEA: XBRL DOCUMENT v3.24.2
Net Investment in Leases, Net
 3 Months Ended
May 31, 2024
Leases [Abstract]  
Net Investment in Leases, Net Net Investment in Leases, Net
At May 31, 2024 and February 29, 2024, our net investment in leases consisted of 15 aircraft. The components of our net investment in leases at May 31, 2024 and February 29, 2024, were as follows:
May 31, 2024February 29, 2024
Lease receivable$138,724 $142,983 
Unguaranteed residual value of flight equipment148,746 147,170 
Net investment leases287,470 290,153 
Allowance for credit losses(7,569)(7,714)
Net investment in leases, net$279,901 $282,439 
At May 31, 2024, future lease payments to be received under our net investment in leases were as follows:
Year Ending February 28/29,Amount
2025 (Remainder of fiscal year)$21,763 
202617,262 
202726,160 
202827,163 
202926,716 
Thereafter65,194 
Total lease payments to be received184,258 
Present value of lease payments - lease receivable(138,724)
Difference between undiscounted lease payments and lease receivable$45,534