---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-034745"
form_type: "8-K"
ticker: "AYR"
cik: "0001362988"
company_name: "Aircastle LTD"
filed_at: "2025-07-10T23:59:59+00:00"
generated_at: "2026-05-18T08:43:25.641942+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Aircastle Q1 net income $49M; acquires 12 aircraft for $465M; unsecured debt issuance $600M

## Summary
- Total revenues $260M, net income $49M; rental revenue up 13% YoY; Adj. EBITDA $232M.
- Acquired 12 aircraft for $465M (incl. 5 B737-MAX9 on lease to United); sold 14 older aircraft for $227M with $30M gains.
- Issued new $600M unsecured term loan with 18 lenders; repaid $392M secured debt; 98% of debt now unsecured.
- Total liquidity $2.6B as of July 1, 2025 ($2.0B undrawn facilities, $0.5B projected cash flows, $0.1B cash).
- Fleet utilization >99%; 260 unencumbered aircraft with $8.0B net book value; 46% of fleet NBV in new technology.

## SEC filing metadata
- accession: 0001628280-25-034745
- form_type: 8-K
- ticker: AYR
- cik: 0001362988
- company_name: Aircastle LTD
- filed_at: 2025-07-10T23:59:59+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/1362988/000162828025034745/0001628280-25-034745-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1362988/000162828025034745/ayr-20250710.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-034745
- JSON: https://secwatch.observer/filing/0001628280-25-034745.json
- Plain text: https://secwatch.observer/filing/0001628280-25-034745.txt

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