Unconsolidated Equity Method Investment

3 Months Ended

May 31, 2026

Equity Method Investments and Joint Ventures [Abstract]

Unconsolidated Equity Method Investment

Unconsolidated Equity Method Investment

We have an unconsolidated equity method investment with Mizuho Leasing, which has 4 aircraft with a Net Book Value of $144.7 million as of May 31, 2026.

	Amount
Balance at February 28, 2026	$	47,540
Distributions from unconsolidated equity method investment	(16,100)
Earnings of unconsolidated equity method investment, net of tax	198
Balance at May 31, 2026	$	31,638

On March 27, 2026, we received a distribution of $16.1 million from our equity method investee.