---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-001573"
form_type: "8-K"
ticker: "AYR"
cik: "0001362988"
company_name: "Aircastle LTD"
filed_at: "2025-01-15T23:59:59+00:00"
generated_at: "2026-05-28T01:00:38.034918+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Aircastle Q3 revenues $194M, net income $18M; Moody's outlook positive

## Summary
- Total revenues $194M, net income $18M; adjusted EBITDA $182M for Q3 ended Nov 30, 2024.
- Acquired 8 aircraft for $259M (69% new tech); sold 8 for $145M with $20M gains; fleet utilization >99%.
- Moody's changed Outlook to Positive, citing improved fleet characteristics and strong liquidity.
- Total liquidity $2.8B as of Jan 1, 2025; adjusted net debt-to-equity 1.8x; unencumbered fleet NBV $6.1B.
- Year-to-date cash from ops up 19% vs prior year; CEO notes strong demand and constrained OEM supply.

## SEC filing metadata
- accession: 0001628280-25-001573
- form_type: 8-K
- ticker: AYR
- cik: 0001362988
- company_name: Aircastle LTD
- filed_at: 2025-01-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1362988/000162828025001573/0001628280-25-001573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1362988/000162828025001573/ayr-20250110.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-001573
- JSON: https://secwatch.observer/filing/0001628280-25-001573.json
- Plain text: https://secwatch.observer/filing/0001628280-25-001573.txt

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