Borrowings from Secured and Unsecured Debt Financings (Tables)

12 Months Ended

Feb. 28, 2025

Debt Disclosure [Abstract]

Outstanding amounts of secured and unsecured term debt financings

The outstanding amounts of our secured and unsecured term debt financings were as follows:

	At February 28, 2025					At February 29, 2024
Debt Obligation	Outstanding Borrowings		Number of Aircraft	Interest Rate	Final Stated Maturity	Outstanding Borrowings
Secured Debt Financings:
Term Financings(1)	$	509,104	21	2.36% to 6.67%	11/21/29 to 06/27/32	$	883,451
Less: Debt issuance costs	(6,495)					(8,054)
Total secured debt financings, net of debt issuance costs and discounts	502,609					875,397
Unsecured Debt Financings:
Senior Notes due 2024(2)	—			4.125%	05/01/24	500,000
Senior Notes due 2025	650,000			5.25%	08/11/25	650,000
Senior Notes due 2026	650,000			4.25%	06/15/26	650,000
2.850% Senior Notes due 2028	750,000			2.85%	01/26/28	750,000
6.500% Senior Notes due 2028	650,000			6.50%	07/18/28	650,000
Senior Notes due 2029	650,000			5.95%	02/15/29	650,000
Senior Notes due 2030	500,000			5.25%	03/15/30	—
Senior Notes due 2031	500,000			5.75%	10/01/31	—
Revolving Credit Facilities	150,000			5.67% to 6.60%	05/24/25 to 02/08/28	20,000
Less: Debt issuance costs and discounts	(47,219)					(46,901)
Total unsecured debt financings, net of debt issuance costs and discounts	4,452,781					3,823,099
Total secured and unsecured debt financings, net of debt issuance costs and discounts	$	4,955,390				$	4,698,496

 

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(1)The borrowings under these financings at February 28, 2025 have a weighted-average fixed rate of interest of 5.85%.

(2)Repaid at their final stated maturity date.

Schedule of Maturities of Long-term Debt

Maturities of the secured and unsecured debt financings over the next five years and thereafter are as follows:

Year Ending February 28/29,	Amount
2026	$	681,948
2027	703,818
2028	915,800
2029	1,337,850
2030	269,708
Thereafter	1,099,980
Total	$	5,009,104