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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Feb. 28, 2025
Feb. 29, 2024
Feb. 28, 2023
Revenues:      
Lease rental revenue $ 652,379 $ 603,571 $ 586,508
Direct financing and sales-type lease revenue 21,295 16,503 9,030
Amortization of lease premiums, discounts and incentives (21,682) (20,420) (20,574)
Maintenance revenue 90,490 132,179 138,099
Total lease revenue 742,482 731,833 713,063
Gain on sale or disposition of flight equipment 77,191 121,646 70,860
Other revenue 1,302 1,937 12,110
Total revenues 820,975 855,416 796,033
Operating expenses:      
Depreciation 355,666 348,229 332,663
Interest, net 247,923 229,050 204,606
Selling, general and administrative 86,416 82,127 76,857
Provision for credit losses 8,715 12,081 1,507
Impairment of flight equipment 19,391 55,240 85,623
Maintenance and other costs 16,938 29,884 22,196
Total operating expenses 735,049 756,611 723,452
Other income (expense):      
Gain (loss) on extinguishment of debt 285 0 (636)
Other 56,247 5,571 14,092
Total other income 56,532 5,571 13,456
Income from continuing operations before income taxes and earnings of unconsolidated equity method investment 142,458 104,376 86,037
Income tax provision 21,948 23,265 25,466
Earnings of unconsolidated equity method investment, net of tax 3,103 2,205 2,188
Net income 123,613 83,316 62,759
Preference share dividends (21,000) (21,000) (21,000)
Income from continuing operations available to common shareholders — Basic 102,613 62,316 41,759
Total comprehensive income $ 102,613 $ 62,316 $ 41,759