secwatch.observer — SEC 8-K summary
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Issuer:     Aircastle LTD (AYR)
CIK:        0001362988
Form:       8-K
Filed at:   2021-10-14T23:59:59+00:00
Accession:  0001362988-21-000040
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362988/000136298821000040/0001362988-21-000040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362988/000136298821000040/ayr-20211013.htm
  HTML page:      https://secwatch.observer/filing/0001362988-21-000040

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