Net Investment in Leases, Net (Tables)

3 Months Ended

May 31, 2024

Leases [Abstract]

Schedule of Components of Net Investment in Leases

The components of our net investment in leases at May 31, 2024 and February 29, 2024, were as follows:

	May 31, 2024		February 29, 2024
Lease receivable	$	138,724	$	142,983
Unguaranteed residual value of flight equipment	148,746		147,170
Net investment leases	287,470		290,153
Allowance for credit losses	(7,569)		(7,714)
Net investment in leases, net	$	279,901	$	282,439

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

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
2026	17,262
2027	26,160
2028	27,163
2029	26,716
Thereafter	65,194
Total lease payments to be received	184,258
Present value of lease payments - lease receivable	(138,724)
Difference between undiscounted lease payments and lease receivable	$	45,534