secwatch.observer — SEC 8-K summary
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Issuer:     Aircastle LTD (AYR)
CIK:        0001362988
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001362988-22-000009
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Aircastle to cease leasing to Russian airlines due to sanctions; 6% of fleet at risk
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- EU, US, others imposed sanctions after Russia's Feb 24, 2022 invasion of Ukraine, including aircraft supply bans.
- Aircastle intends to fully comply, requiring cessation of leasing activity with Russian airlines.
- As of Nov 30, 2021, approx. 6% of fleet by net book value was on lease to Russian carriers.
- Company cites risk factors for potential write-downs if customer defaults or market conditions worsen.
- Sanctions include wind-down periods for existing aircraft and component supply to Russia.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362988/000136298822000009/0001362988-22-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362988/000136298822000009/ayr-20220228.htm
  HTML page:      https://secwatch.observer/filing/0001362988-22-000009

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