Aircastle Limited is a Bermuda-based company engaged in the acquisition, leasing, management, and sale of commercial jet aircraft.

# Aircastle Limited Overview

Aircastle Limited is a Bermuda-based company primarily engaged in the acquisition, leasing, management, and sale of commercial jet aircraft. The company operates as a leading secondary market investor, sourcing aircraft from various channels, including other aircraft lessors, airlines through purchase-leaseback transactions, financial institutions, and aircraft manufacturers.

## Key Business Metrics

- **Fleet Size**: As of February 28, 2025, Aircastle owned and managed 273 aircraft leased to 77 customers in 47 countries. 
- **Employees**: The company employs 124 individuals across its offices in the United States, Ireland, and Singapore.
- **Revenue**: For the fiscal year ending February 28, 2025, Aircastle reported total revenues of $821.0 million. This marked a decrease from the previous year's revenues of $855.4 million for the fiscal year ending February 29, 2024.
- **Net Income**: The company's net income for the same fiscal year was $123.6 million, an increase from $83.3 million in the prior year.

## Fleet Details

- **Net Book Value**: The net book value of Aircastle's fleet reached $7.9 billion as of February 28, 2025, which was an increase of 9% from $7.2 billion the previous year.
- **Weighted Average Fleet Age**: The weighted average age of the aircraft in the fleet was approximately 9.1 years.
- **Weighted Average Remaining Lease Term**: The average remaining lease term for the fleet was approximately 5.4 years.
- **Utilization Rate**: The fleet maintained a high utilization rate of 99% for the year.

## Aircraft Transactions

During the fiscal year ending February 28, 2025:

- **Acquisitions**: The company acquired 50 aircraft totaling $1.6 billion.
- **Sales**: Aircastle sold 27 aircraft and other flight equipment for net proceeds of $565.9 million, realizing gains of $77.2 million from these transactions.

## Financing and Capital Structure

- **Liquidity**: As of April 1, 2025, Aircastle reported total liquidity of $2.7 billion, which included $2.1 billion in undrawn credit facilities and $0.5 billion in projected adjusted operating cash flows.
- **Debt Financing**: Since inception, the company has raised $23.1 billion in debt capital, showcasing its ability to adapt and secure funding from various sources, including unsecured bonds and secured financing.

## Competitive Strengths

- **Diversified Portfolio**: Aircastle's aircraft portfolio is diverse in terms of aircraft types, lease maturities, and geographic markets, which helps mitigate specific risks.
- **Experienced Management Team**: The leadership team has extensive experience in the aviation industry, averaging over 30 years in relevant fields.

By focusing on aircraft leasing and sales strategically, Aircastle remains poised to capitalize on the robust demand in the aviation sector while managing risks associated with market dynamics and lessee creditworthiness.


Aircastle Limited is a global leader in the commercial aircraft leasing industry, involved in acquiring, leasing, and selling commercial jets to airlines internationally.

# Aircastle Limited Overview

Aircastle Limited is a global leader in the commercial aircraft leasing industry, engaged in the acquisition, leasing, and sale of commercial jet aircraft to airlines worldwide. Below are the key details regarding the company's operations, financial performance, and structure:

## Core Business Activities
- **Acquisition**: Aircastle sources aircraft through various channels including:
  - Other aircraft lessors
  - Airlines via purchase-leaseback transactions
  - Financial institutions
  - Aircraft manufacturers
  
- **Leasing**: The company operates a diversified portfolio of commercial aircraft that it leases to airlines. As of February 29, 2024:
  - **Total Aircraft Owned and Managed**: 252
  - **Lessees**: 75
  - **Countries**: 43

- **Sales**: Aircastle sells aircraft and engine assets, either with active leases or on a part-out basis, to generate profits and reinvest proceeds.

## Financial Metrics
- **Net Book Value of Fleet**: 
  - As of February 29, 2024: **$7.2 billion** (an increase from **$6.6 billion** on February 28, 2023).
  
- **Financial Performance**:
  - **Total Revenues**: 
    - FY 2024: **$855.4 million**
    - FY 2023: **$796.0 million**
    
  - **Net Income**: 
    - FY 2024: **$83.3 million**
    - FY 2023: **$62.8 million**
    
  - **Adjusted EBITDA**:
    - FY 2024: **$759.5 million**
    - FY 2023: **$732.3 million**

- **Cash Flow**:
  - Cash flow from operating activities:
    - FY 2024: **$370.3 million**
    - FY 2023: **$437.7 million**

## Fleet Information
- **Average Age of Fleet**: 9.3 years
- **Weighted Average Remaining Lease Term**: 5.4 years
- **Utilization Rate**: Approximately 98% for the year ending February 29, 2024 (improved to 99% in the latter half of FY 2023).

## Employee and Management Structure
- **Total Employees**: 118
- **Management Team**: Composed of experienced professionals with an average of over 30 years in the aircraft leasing and aviation industry.

## Growth and Market Positioning
Aircastle maintains a focus on profitability and diversification to mitigate risks associated with lessee defaults and economic fluctuations. The company is strategically positioned to capitalize on growth opportunities in the aviation sector with conservative leverage and limited long-term commitments. 

Overall, Aircastle’s robust track record in asset management, strategic sourcing of aircraft, and a strong balance sheet positions it as a prominent player in the global aircraft leasing market.

Aircastle LTD

10-K / April 23, 2025

10-K / April 25, 2024

10-K / April 23, 2025

Aircastle Limited Overview

Key Business Metrics

Fleet Details

Aircraft Transactions

Financing and Capital Structure

Competitive Strengths