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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Nov. 30, 2025
Nov. 30, 2024
Nov. 30, 2025
Nov. 30, 2024
Revenues:        
Lease rental revenue $ 192,563 $ 158,440 $ 565,722 $ 483,389
Direct financing and sales-type lease revenue 5,158 5,294 15,491 16,177
Amortization of lease premiums, discounts and incentives (1,051) (5,288) 202 (18,005)
Maintenance revenue 33,908 14,517 81,748 76,044
Total lease revenue 230,578 172,963 663,163 557,605
Gain on sale or disposition of flight equipment 5,443 20,483 59,621 56,909
Other revenue 401 130 992 903
Total revenues 236,422 193,576 723,776 615,417
Operating expenses:        
Depreciation 96,055 87,604 288,633 264,637
Interest, net 71,802 58,752 211,172 185,989
Selling, general and administrative 21,034 18,426 65,972 60,571
Provision for credit losses (66) 0 (40) 281
Impairment of flight equipment 15,710 8,419 51,929 19,391
Maintenance and other costs 4,513 4,872 12,734 13,411
Total operating expenses 209,048 178,073 630,400 544,280
Other (expense) income:        
Gain (loss) on extinguishment of debt 0 0 (2,973) 285
Other 7,569 6,135 68,154 6,557
Total other income 7,569 6,135 65,181 6,842
Income from continuing operations before income taxes and earnings of unconsolidated equity method investment 34,943 21,638 158,557 77,979
Income tax provision 5,579 4,281 23,528 16,881
Earnings of unconsolidated equity method investment, net of tax 1,328 738 2,183 1,737
Net income 30,692 18,095 137,212 62,835
Preference share dividends 0 0 (10,500) (10,500)
Net income available to common shareholders 30,692 18,095 126,712 52,335
Total comprehensive income available to common shareholders $ 30,692 $ 18,095 $ 126,712 $ 52,335