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Concentration of Risk (Tables)
3 Months Ended
May 31, 2026
Risks and Uncertainties [Abstract]  
Long-lived Assets by Geographic Areas
The geographic concentration of the net book value of our fleet (flight equipment held for lease and net investment in leases, or “Net Book Value”) as of May 31, 2026 and February 28, 2026, was as follows:
 May 31, 2026February 28, 2026
RegionNumber
of
Aircraft
Net Book
Value %
Number
of
Aircraft
Net Book
Value %
Asia and Pacific70 28 %70 27 %
Europe76 23 %79 23 %
Middle East and Africa14 %14 %
North America71 30 %72 30 %
South America37 12 %36 12 %
Off-lease
(1)
%%
Total274 100 %277 100 %
_______________
(1)We currently have 6 off-lease narrow-body aircraft that are being marketed for lease. Of these aircraft, 5 were previously leased to a customer that has since ceased operations, and we expect they will remain off-lease for an extended period. The remaining aircraft has an executed lease and is expected to be delivered to a customer in the second quarter of fiscal year 2026.
The following table sets forth the net book value of our flight equipment attributable to individual countries that represent at least 10% of the total net book value of our flight equipment held for lease, based on each lessee’s principal place of business, as of May 31, 2026 and February 28, 2026:
 May 31, 2026February 28, 2026
CountryNet Book
Value
Net Book
Value %
Number
of
Lessees
Net Book
Value
Net Book
Value %
Number
of
Lessees
United States$1,486,460 18%6$1,516,062 18%8
India1,150,168 14%31,161,997 14%4
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue
The geographic concentration of our lease rental revenue earned from flight equipment held for lease was as follows:
 Three Months Ended May 31,
Region20262025
Asia and Pacific28 %27 %
Europe25 %30 %
Middle East and Africa%%
North America31 %28 %
South America11 %10 %
Total100 %100 %
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset
The following table shows the number of lessees with lease rental revenue of at least 5% of total lease rental revenue and their combined total percentage of lease rental revenue for the periods indicated:
Three Months Ended May 31,
20262025
Number of LesseesCombined % of Lease
Rental Revenue
Number of LesseesCombined % of Lease
Rental Revenue
Largest lessees by lease rental revenue321%111%