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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
May 31, 2026
May 31, 2025
Cash flows from operating activities:    
Net income (loss) $ 33,618,000 $ 49,287,000
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities:    
Depreciation 92,828,000 95,816,000
Amortization of deferred financing costs 4,777,000 4,470,000
Amortization of lease premiums, discounts and incentives (391,000) (2,766,000)
Deferred income taxes 6,980,000 7,979,000
Collections on net investment in leases 1,353,000 1,517,000
Security deposits, maintenance payments and insurance settlements included in earnings (2,480,000) (27,149,000)
Gain on sale or disposition of flight equipment (10,866,000) (30,289,000)
Loss on extinguishment of debt 0 2,973,000
Impairment of flight equipment 3,361,000 5,066,000
Provision for credit losses (183,000) 142,000
Proceeds from Equity Method Investment, Distribution 10,427,000 0
Other 0 (394,000)
Changes in certain assets and liabilities:    
Accounts receivable (779,000) (1,720,000)
Other assets (9,639,000) 1,267,000
Accounts payable, accrued expenses and other liabilities (24,293,000) 19,999,000
Lease rentals received in advance (7,052,000) 1,674,000
Net cash and cash equivalents provided by operating activities 97,661,000 127,872,000
Cash flows from investing activities:    
Acquisition and improvement of flight equipment (107,422,000) (479,614,000)
Proceeds from sale or disposition of flight equipment 113,913,000 226,752,000
Aircraft purchase deposits and progress payments, net of deposits returned and aircraft sales deposits 4,800,000 2,751,000
Proceeds from Equity Method Investment, Distribution, Return of Capital 5,475,000 0
Other (204,000) 936,000
Net cash and cash equivalents provided by (used in) investing activities 16,562,000 (249,175,000)
Cash flows from financing activities:    
Proceeds from secured and unsecured debt financings 1,022,634,000 725,000,000
Repayments of secured and unsecured debt financings (870,840,000) (647,442,000)
Deferred financing costs (8,350,000) (6,106,000)
Security deposits and maintenance payments received 31,257,000 39,932,000
Security deposits and maintenance payments returned (17,391,000) (24,403,000)
Dividends paid (10,500,000) (21,500,000)
Net cash and cash equivalents provided by financing activities 146,810,000 65,481,000
Net increase (decrease) in cash and cash equivalents: 261,033,000 (55,822,000)
Cash and cash equivalents at beginning of period 179,889,000 279,052,000
Cash and cash equivalents at end of period 440,922,000 223,230,000
Supplemental disclosures of cash flow information:    
Cash paid for interest, net of amounts capitalized 71,775,000 29,342,000
Cash paid for income taxes (6,000) (316,000)
Supplemental disclosures of non-cash investing activities:    
Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets assumed in asset acquisitions 13,220,000 28,817,000
Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets settled in sale of flight equipment 9,007,000 4,567,000
Transfers from flight equipment held for lease to Net investment in leases and Other assets $ 104,122,000 $ 1,289,000