Lease Rental Revenues

12 Months Ended

Feb. 28, 2025

Leases [Abstract]

Lease Rental Revenues

Lease Rental Revenues

Minimum future lease rentals contracted to be received under our existing operating leases of flight equipment at February 28, 2025 were as follows:

Year Ended February 28/29,	Amount(1)
2026	$	706,174
2027	633,400
2028	530,198
2029	446,034
2030	362,417
Thereafter	941,765
Total	$	3,619,988

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(1)Reflects impact of lessee lease rental deferrals.

At February 28, 2025 and February 29, 2024, the amounts of lease incentive liabilities recorded in maintenance payments on the consolidated balance sheets were $34.8 million and $26.6 million, respectively.

Net Investment in Leases, Net

At February 28, 2025 and February 29, 2024, our net investment in leases consisted of 14 and 15 aircraft, respectively. We sold 1 aircraft that was subject to a sales-type lease during the year ended February 28, 2025.

The components of our net investment in leases at February 28, 2025 and February 29, 2024 were as follows:

	February 28/29,
	2025		2024
Lease receivable	$	121,202	$	142,983
Unguaranteed residual value of flight equipment	142,849		147,170
Net investment in leases	264,051		290,153
Allowance for credit losses	(6,802)		(7,714)
Net investment in leases, net	$	257,249	$	282,439

As of February 28, 2025, future lease payments on net investment in leases were as follows:

Year Ending February 28/29,	Amount
2026	$	15,517
2027	25,260
2028	26,263
2029	25,994
2030	22,891
Thereafter	42,252
Total lease payments to be received	158,177
Present value of lease payments – lease receivable	(121,202)
Difference between undiscounted lease payments and lease receivable	$	36,975