Borrowings from Secured and Unsecured Debt Financings (Tables)

12 Months Ended

Feb. 28, 2026

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


	At February 28, 2026					At February 28, 2025
Debt Obligation	Outstanding Borrowings		Number of Aircraft	Interest Rate	Final Stated Maturity	Outstanding Borrowings
Secured Debt Financings:

Other Financings(1)	$	114,177	4	2.36% to 4.14%	11/30/31 to 06/27/32	$	509,104
Less: Debt issuance costs	(1,822)					(6,495)

Total secured debt financings, net of debt issuance costs and discounts	112,355					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			5.06%	04/28/30	—
Revolving Credit Facilities	240,000			4.88% to 5.63%	01/18/28 to 02/9/29	150,000
Less: Debt issuance costs and discounts	(50,589)					(47,219)

Total unsecured debt financings, net of debt issuance costs and discounts	5,139,411					4,452,781

Total secured and unsecured debt financings, net of debt issuance costs and discounts	$	5,251,766				$	4,955,390

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(1)The borrowings under these financings at February 28, 2026 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.

Maturities of our secured and unsecured debt financings over the next five years and thereafter are as follows: