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Commitments and Contingencies
6 Months Ended
Aug. 31, 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 $0.5 million and $0.6 million, and $1.0 million and $1.3 million for the three and six months ended August 31, 2024 and 2023, respectively.
As of August 31, 2024, Aircastle is obligated under non-cancelable operating leases relating principally to office facilities in Stamford, Connecticut; Dublin, Ireland; and Singapore for future minimum lease payments as follows:
Year Ending February 28/29,Amount
2025 (Remainder of fiscal year)$1,495 
20262,815 
20272,750 
20282,781 
20291,987 
Thereafter16,005 
Total$27,833 
At August 31, 2024, we had commitments to purchase 11 aircraft for $377.2 million.
At August 31, 2024, commitments, including $34.4 million of remaining progress payments, contractual price escalations and other adjustments for these aircraft, net of amounts already paid, were as follows:
Year Ending February 28/29,Amount
2025 (Remainder of fiscal year)$64,205 
202680,132 
2027202,216 
202830,679 
2029— 
Thereafter— 
Total$377,232