Borrowings from Secured and Unsecured Debt Financings (Tables)

9 Months Ended

Nov. 30, 2025

Debt Disclosure [Abstract]

Outstanding amounts of secured and unsecured term debt financings

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

	At November 30, 2025					At February 28, 2025
Debt Obligation	Outstanding Borrowings		Number of Aircraft	Interest Rate	Final Stated Maturity	Outstanding Borrowings
Secured Debt Financings:
Secured Term Financings(1)	$	115,011	4	2.36% to 4.14%	11/30/31 to 06/27/32	$	509,104
Less: Debt issuance costs and discounts	(1,899)					(6,495)
Total secured debt financings, net of debt issuance costs and discounts	113,112					502,609
Unsecured Debt Financings:
Senior Notes due 2025(2)	—			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
5.250% Senior Notes due 2030	500,000			5.25%	03/15/30	500,000
5.000% Senior Notes due 2030	650,000			5.00%	09/15/30	—
Senior Notes due 2031	500,000			5.75%	10/01/31	500,000
Unsecured Term Loan	600,000			5.30%	04/28/30	—
Revolving Credit Facilities	315,000			5.14% to 6.29%	01/31/27 to 02/08/28	150,000
Less: Debt issuance costs and discounts	(52,018)					(47,219)
Total unsecured debt financings, net of debt issuance costs and discounts	5,212,982					4,452,781
Total secured and unsecured debt financings, net of debt issuance costs and discounts	$	5,326,094				$	4,955,390

(1)The borrowings under these financings at November 30, 2025, have a weighted average fixed rate of interest of 3.11%.

(2)Repaid on August 1, 2025 with no gain or loss on the early extinguishment of debt.