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Unconsolidated Equity Method Investment
 12 Months Ended
Feb. 28, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Unconsolidated Equity Method Investment Unconsolidated Equity Method Investment
We have an equity method investment with Mizuho Leasing which has 8 aircraft with a net book value of $244.3 million at February 28, 2025.
February 28/29,
20252024
Beginning balance$42,710 $40,505 
Earnings of unconsolidated equity method investment, net of tax3,103 2,205 
Ending balance$45,813 $42,710 
On October 29, 2024, we entered into a loan agreement to provide our equity method investee with a $4.5 million unsecured loan facility, which bears interest at a rate of Term SOFR (as defined in the credit agreement) plus 2% and is payable on October 29, 2025. This transaction was approved by our management as an arm’s length transaction under our related party policy. On January 6, 2025, $3.5 million of the outstanding principle amount was repaid by our equity method investee.