---
schema_version: "secwatch.filing_event.v1"
accession: "0001362988-21-000040"
form_type: "8-K"
ticker: "AYR"
cik: "0001362988"
company_name: "Aircastle LTD"
filed_at: "2021-10-14T23:59:59+00:00"
generated_at: "2026-06-28T20:48:51.724037+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Aircastle Q2 2021: Revenue $157.7M, net income $9.8M, issues $400M preference shares

## Summary
- Total revenues $157.7M, net income $9.8M; adjusted EBITDA $197.5M for Q2 ended Aug 31, 2021.
- Issued $400M preference shares at 5.25% (upsized from $300M); Moody's upgraded outlook to Stable.
- Total liquidity of $2.4B as of Oct 1, 2021 (incl. $1.4B undrawn credit, $0.3B cash, $0.3B asset sales, $0.4B projected operating cash).
- Deferrals of $101.8M from 20 customers (77% part of lease restructurings); 6 customers in insolvency with 22 aircraft (13% NBV).
- Delivered four A320neo aircraft to Frontier; sold four aircraft for $78M proceeds; cash operations up 57% in 1H 2021.

## SEC filing metadata
- accession: 0001362988-21-000040
- form_type: 8-K
- ticker: AYR
- cik: 0001362988
- company_name: Aircastle LTD
- filed_at: 2021-10-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1362988/000136298821000040/0001362988-21-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1362988/000136298821000040/ayr-20211013.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001362988-21-000040
- JSON: https://secwatch.observer/filing/0001362988-21-000040.json
- Plain text: https://secwatch.observer/filing/0001362988-21-000040.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.