Unconsolidated Equity Method Investment

9 Months Ended

Nov. 30, 2025

Equity Method Investments and Joint Ventures [Abstract]

We have an unconsolidated equity method investment with Mizuho Leasing, which has 6 aircraft with a Net Book Value of $204.9 million at November 30, 2025.


	Amount
Balance at February 28, 2025	$	45,813

Earnings of unconsolidated equity method investment, net of tax	2,183
Balance at November 30, 2025	$	47,996

On May 15, 2025, the Company received $1.0 million from our equity method investee as full repayment of the aggregate principal amount outstanding under a loan agreement.

On August 18, 2025, we entered into a new loan agreement to provide our equity method investee with a $1.0 million unsecured loan facility, bearing interest at a rate of Term Secured Overnight Funding Rate (“SOFR”) (as defined in the loan agreement) plus 2% . The loan agreement had a one-year term and was fully repaid on December 15, 2025.