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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Feb. 28, 2026
Feb. 28, 2025
Feb. 29, 2024
Revenues:      
Lease rental revenue $ 759,701 $ 652,379 $ 603,571
Direct financing and sales-type lease revenue 20,945 21,295 16,503
Amortization of lease premiums, discounts and incentives 280 (21,682) (20,420)
Maintenance revenue 95,654 90,490 132,179
Total lease revenue 876,580 742,482 731,833
Gain on sale or disposition of flight equipment 95,889 77,191 121,646
Other revenue 2,650 1,302 1,937
Total revenues 975,119 820,975 855,416
Operating expenses:      
Depreciation 384,028 355,666 348,229
Interest, net 282,139 247,923 229,050
Selling, general and administrative 89,483 86,416 82,127
Provision (benefit) for credit losses (57) 8,715 12,081
Impairment of flight equipment 53,323 19,391 55,240
Maintenance and other costs 17,101 16,938 29,884
Total operating expenses 826,017 735,049 756,611
Other income (expense):      
Gain (loss) on extinguishment of debt (2,973) 285 0
Other 74,120 56,247 5,571
Total other income 71,147 56,532 5,571
Income from continuing operations before income taxes and earnings of unconsolidated equity method investment 220,249 142,458 104,376
Income tax provision 28,863 21,948 23,265
Earnings of unconsolidated equity method investment, net of tax 2,662 3,103 2,205
Net income 194,048 123,613 83,316
Preference share dividends (21,000) (21,000) (21,000)
Income from continuing operations available to common shareholders — Basic 173,048 102,613 62,316
Total comprehensive income $ 173,048 $ 102,613 $ 62,316