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Concentration of Risk (Tables)
3 Months Ended
May 31, 2024
Risks and Uncertainties [Abstract]  
Long-lived Assets by Geographic Areas
The geographic concentration of the net book value of our fleet (flight equipment held for lease and net investment in leases, or “Net Book Value”) as of May 31, 2024, and February 29, 2024, was as follows:
 May 31, 2024February 29, 2024
RegionNumber
of
Aircraft
Net Book
Value %
Number
of
Aircraft
Net Book
Value %
Asia and Pacific65 27 %63 27 %
Europe91 30 %90 30 %
Middle East and Africa10 %%
North America49 23 %46 23 %
South America32 14 %32 14 %
Off-lease
(1)
%%
Total250 100 %243 100 %
_______________
(1)Of the 3 off-lease aircraft at May 31, 2024, we currently have 1 narrow-body freighter aircraft which we are marketing for lease.
Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country
The following table sets forth individual countries representing at least 10% of our Net Book Value as of May 31, 2024 and February 29, 2024:
 May 31, 2024February 29, 2024
CountryNet Book
Value
Net Book
Value %
Number
of
Lessees
Net Book
Value
Net Book
Value %
Number
of
Lessees
India$743,232 10%4$750,498 11%4
United States853,000 12%7806,162 11%5
Revenue from External Customers by Geographic Areas
The geographic concentration of our lease rental revenue earned from flight equipment held for lease was as follows:
 Three Months Ended May 31,
Region20242023
Asia and Pacific28 %30 %
Europe31 %30 %
Middle East and Africa%%
North America23 %23 %
South America13 %13 %
Total100 %100 %
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas
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:
Three Months Ended May 31,
20242023
Number of LesseesCombined % of Lease
Rental Revenue
Number of LesseesCombined % of Lease
Rental Revenue
Largest lessees by lease rental revenue215%321%