---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-019657"
form_type: "8-K"
ticker: "AYR"
cik: "0001362988"
company_name: "Aircastle LTD"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T06:52:54.244939+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Aircastle Q4 net income $61M vs $29M YoY; full-year net income up 48% to $124M

## Summary
- Total Q4 revenues $206M; Adjusted EBITDA $222M; acquired 29 aircraft for $1.0B (68% new tech).
- Full-year net income $124M vs $83M in fiscal 2023; operating cash flow up 25%.
- Russia-related settlement proceeds of $50M recorded in other income during Q4.
- Issued $500M unsecured senior notes at 5.25% (108bps spread); $300M equity tranche received.
- Fleet of 265 owned aircraft ($7.9B NBV); unencumbered NBV $7.1B; weighted utilization 99.3%.

## SEC filing metadata
- accession: 0001628280-25-019657
- form_type: 8-K
- ticker: AYR
- cik: 0001362988
- company_name: Aircastle LTD
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1362988/000162828025019657/0001628280-25-019657-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1362988/000162828025019657/ayr-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-019657
- JSON: https://secwatch.observer/filing/0001628280-25-019657.json
- Plain text: https://secwatch.observer/filing/0001628280-25-019657.txt

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