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Concentration of Risk
 6 Months Ended
Aug. 31, 2025
Risks and Uncertainties [Abstract]  
Concentration of Risk Concentration of Risk
The classification of regions in the tables below is based on our customers’ principal place of business.
The geographic concentration of the net book value of our fleet (flight equipment held for lease and net investment in leases, or “Net Book Value”) as of August 31, 2025 and February 28, 2025, was as follows:
 August 31, 2025February 28, 2025
RegionNumber
of
Aircraft		Net Book
Value %		Number
of
Aircraft		Net Book
Value %
Asia and Pacific67 26 %67 28 %
Europe85 25 %99 30 %
Middle East and Africa14 6 %11 5 %
North America73 33 %58 26 %
South America31 10 %29 11 %
Off-lease— — %1 — %
Total270 100 %265 100 %
The following table sets forth individual countries representing at least 10% of our Net Book Value as of August 31, 2025 and February 28, 2025:
 August 31, 2025February 28, 2025
CountryNet Book
Value		Net Book
Value %		Number
of
Lessees		Net Book
Value		Net Book
Value %		Number
of
Lessees
United States$1,756,318 21%8$1,223,496 16%7
India1,051,769 13%31,046,978 14%3
The geographic concentration of our lease rental revenue earned from flight equipment held for lease was as follows:
 Three Months Ended August 31,Six Months Ended August 31,
Region2025202420252024
Asia and Pacific26 %28 %27 %28 %
Europe27 %32 %28 %31 %
Middle East and Africa5 %4 %5 %5 %
North America30 %24 %29 %24 %
South America12 %12 %11 %12 %
Total100 %100 %100 %100 %
The following table shows the number of lessees with lease rental revenue of at least 5% of total lease rental revenue and their combined total percentage of lease rental revenue for the periods indicated:
Three Months Ended August 31,Six Months Ended August 31,
2025202420252024
Number of LesseesCombined % of Lease
Rental Revenue		Number of LesseesCombined % of Lease
Rental Revenue		Number of LesseesCombined % of Lease
Rental Revenue		Number of LesseesCombined % of Lease
Rental Revenue
Largest lessees by lease rental revenue216%214%216%215%
For the three months ended August 31, 2025, the United States and India comprised 24% and 11% of total revenue, respectively. Total revenue attributable to the United States included $18.7 million from gains on sale or disposition of flight equipment.
For the six months ended August 31, 2025, the United States and India comprised 23% and 10% of total revenue, respectively. Total revenue attributable to the United States included $45.3 million from gains on sale or disposition of flight equipment.