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Aircastle
Logo: Owner: Aircastle This file: Grmike Uploaded by Grmike at en.wikipedia, Public domain, via Wikimedia Commons3
Aircraft leasing company
Aircastle Limited is an aircraft leasing company that acquires, leases and sells commercial jet aircraft to airlines around the world. It has its headquarters in Stamford, Connecticut, with offices in Dublin and Singapore.2 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 16, 2026.
Overview
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- TickerAYR on NYSE1
- Industryaircraft lease1
- HeadquartersStamford1
- Websitewww.aircastle.com
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Aircastle Limited is an aircraft leasing company that acquires, leases and sells commercial jet aircraft to airlines around the world. It has its headquarters in Stamford, Connecticut, with offices in Dublin and Singapore. Aircastle was incorporated on October 29, 2004.2
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Selling, general and admin9¢$89.5M
- Other costs38¢$373.3M
- Interest30¢$289.4M
- Income tax3¢$28.9M
- Profit20¢$194.0M
Out of $975.1M in revenue.4
Where each dollar of operating cash went, fiscal 2026
- Dividends paid13¢$62.8M
- Kept or used elsewhere87¢$420.3M
Out of $483.1M of cash from operations.4
Financial statements
Every line of the income statement in the latest annual report, as filed.4
| Period ending | 2026-02-28 | 2025-02-28 | 2024-02-29 |
|---|---|---|---|
| Lease rental revenue | $759.7M | $652.4M | $603.6M |
| Direct financing and sales-type lease revenue | $20.9M | $21.3M | $16.5M |
| Amortization of lease premiums, discounts and incentives | $280.0K | -$21.7M | -$20.4M |
| Maintenance revenue | $95.7M | $90.5M | $132.2M |
| Total lease revenue | $876.6M | $742.5M | $731.8M |
| Gain on sale or disposition of flight equipment | $95.9M | $77.2M | $121.6M |
| Other revenue | $2.6M | $1.3M | $1.9M |
| Total revenues | $975.1M | $821.0M | $855.4M |
| Depreciation | $384.0M | $355.7M | $348.2M |
| Interest, net | $282.1M | $247.9M | $229.1M |
| Selling, general and administrative | $89.5M | $86.4M | $82.1M |
| Provision (benefit) for credit losses | -$57.0K | $8.7M | $12.1M |
| Impairment of flight equipment | $53.3M | $19.4M | $55.2M |
| Maintenance and other costs | $17.1M | $16.9M | $29.9M |
| Total operating expenses | $826.0M | $735.0M | $756.6M |
| Gain (loss) on extinguishment of debt | -$3.0M | $285.0K | $0 |
| Other | $74.1M | $56.2M | $5.6M |
| Total other income | $71.1M | $56.5M | $5.6M |
| Income from continuing operations before income taxes and earnings of unconsolidated equity method investment | $220.2M | $142.5M | $104.4M |
| Income tax provision | $28.9M | $21.9M | $23.3M |
| Earnings of unconsolidated equity method investment, net of tax | $2.7M | $3.1M | $2.2M |
| Net income | $194.0M | $123.6M | $83.3M |
| Preference share dividends | -$21.0M | -$21.0M | -$21.0M |
| Income from continuing operations available to common shareholders Basic | $173.0M | $102.6M | $62.3M |
| Total comprehensive income | $173.0M | $102.6M | $62.3M |
Every line of the balance sheet in the latest annual report, as filed.4
| Period ending | 2026-02-28 | 2025-02-28 | 2024-02-29 |
|---|---|---|---|
| Cash and cash equivalents | $179.9M | $279.1M | |
| Accounts receivable | $18.2M | $9.7M | |
| Flight equipment held for lease, net | $8.3B | $7.6B | |
| Net investment in leases, net | $267.1M | $257.2M | |
| Unconsolidated equity method investment | $47.5M | $45.8M | $42.7M |
| Other assets | $209.7M | $273.5M | |
| Total assets | $9.0B | $8.5B | |
| Borrowings from secured financings, net | $112.4M | $502.6M | |
| Borrowings from unsecured financings, net | $5.1B | $4.5B | |
| Accounts payable, accrued expenses and other liabilities | $381.3M | $295.1M | |
| Lease rentals received in advance | $63.5M | $68.1M | |
| Security deposits | $65.4M | $82.5M | |
| Maintenance payments | $560.2M | $583.7M | |
| Total liabilities | $6.3B | $6.0B | |
| Preference shares, $0.01 par value, 50,000,000 shares authorized, 400 (aggregate liquidation preference of $400,000) shares issued and outstanding at February 28, 2026 and 2025 | $0 | $0 | |
| Common shares, $0.01 par value, 250,000,000 shares authorized, 17,840 shares issued and outstanding at February 28, 2026 and 2025 | $0 | $0 | |
| Additional paid-in capital | $2.4B | $2.4B | |
| Retained earnings | $288.9M | $146.6M | |
| Total shareholders equity | $2.7B | $2.5B | $2.1B |
| Total liabilities and shareholders equity | $9.0B | $8.5B | |
| Common shares, par value | $0.01 | ||
| Common shares, shares authorized | 250.0M shares | ||
| Common shares, shares issued | 17.8K shares | ||
| Preference shares, par value | $0.01 | ||
| Preference shares, shares authorized | 50.0M shares | ||
| Preference shares, shares issued | 400.0K shares | ||
| Preferred Stock, Liquidation Preference, Value | $400.0K |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.4
| Period ending | 2026-02-28 | 2025-02-28 | 2024-02-29 |
|---|---|---|---|
| Net income | $194.0M | $123.6M | $83.3M |
| Depreciation | $384.0M | $355.7M | $348.2M |
| Amortization of deferred financing costs | $18.0M | $17.0M | $17.1M |
| Amortization of lease premiums, discounts and incentives | -$280.0K | $21.7M | $20.4M |
| Deferred income taxes | $21.2M | $17.6M | $20.1M |
| Collections on net investments in leases | -$5.4M | -$7.6M | -$3.6M |
| Security deposits, maintenance payments and insurance settlements included in earnings | -$119.4M | -$60.0M | -$54.4M |
| Gain on sale or disposition of flight equipment | -$95.9M | -$77.2M | -$121.6M |
| Loss (gain) on extinguishment of debt | $3.0M | -$285.0K | $0 |
| Impairment of flight equipment | $53.3M | $19.4M | $55.2M |
| Provision (benefit) for credit losses | -$57.0K | $8.7M | $12.1M |
| Other | -$1.8M | -$3.2M | -$2.5M |
| Accounts receivable | -$8.2M | -$7.0M | -$443.0K |
| Other assets | $8.0M | $13.5M | -$9.3M |
| Accounts payable, accrued expenses and other liabilities | $25.5M | $7.5M | -$15.9M |
| Lease rentals received in advance | -$3.6M | $19.3M | $14.5M |
| Net Cash and Restricted Cash Provided by (Used in) Operating Activities | $483.1M | $464.0M | $370.3M |
| Acquisition and improvement of flight equipment | -$1.7B | -$1.6B | -$1.2B |
| Proceeds from sale or disposition of flight equipment | $729.5M | $565.9M | $361.8M |
| Proceeds from settlement of insurance claims | $70.8M | $49.5M | $0 |
| Proceeds from sale of investment in debt securities | $10.1M | $0 | $0 |
| Aircraft purchase deposits and progress payments, net of returned deposits and aircraft sales deposits | $2.7M | $4.2M | $5.7M |
| Other | $9.0K | -$1.6M | -$6.4M |
| Net cash and cash equivalents used in investing activities | -$897.6M | -$970.2M | -$879.1M |
| Proceeds from issuance of common shares | $0 | $300.0M | $200.0M |
| Proceeds from secured and unsecured debt financings | $1.9B | $1.7B | $2.0B |
| Repayments of secured and unsecured debt financings | -$1.6B | -$1.5B | -$1.9B |
| Deferred financing costs | -$15.2M | -$9.8M | -$25.0M |
| Debt extinguishment costs | $0 | $285.0K | $0 |
| Security deposits and maintenance payments received | $153.4M | $152.5M | $159.8M |
| Security deposits and maintenance payments returned | -$50.6M | -$16.4M | -$18.8M |
| Dividends paid | -$62.8M | -$21.0M | -$21.0M |
| Net cash and cash equivalents provided by financing activities | $315.4M | $655.3M | $407.0M |
| Net (decrease) increase in cash and cash equivalents | -$99.2M | $149.1M | -$101.9M |
| Cash paid during the year for interest | $247.6M | $233.3M | $240.7M |
| Cash paid during the year for income taxes | $1.4M | $4.2M | $5.1M |
| Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets settled in sale of flight equipment | $119.3M | $113.6M | $55.0M |
| Advance lease rentals, security deposits, maintenance payments, other liabilities and other assets assumed in asset acquisitions | $96.9M | $78.0M | $28.4M |
| Transfers from Flight equipment held for lease, net to Net investment in leases, net and Other assets | $68.2M | $54.2M | $220.6M |
Timeline
- 2005Founded Founded1
Links
- Websitewww.aircastle.com1
- WikipediaAircastle
- WikidataQ13583352
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataAircastle on Wikidata
- 2WikipediaAircastle on Wikipedia
- 3
- 4SEC EDGARAircastle 10-K for fiscal 2026
- 5SEC EDGARAircastle 10-K for fiscal 2019
- 6SEC EDGARAircastle 10-K for fiscal 2021
- 7SEC EDGARAircastle 10-K for fiscal 2022
- 8SEC EDGARAircastle 10-K for fiscal 2023
- 9SEC EDGARAircastle 10-Q for fiscal 2025
- 10SEC EDGARAircastle 10-Q for fiscal 2025
- 11SEC EDGARAircastle 10-Q for fiscal 2026
- 12SEC EDGARAircastle 10-K for fiscal 2019