---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-044678"
form_type: "8-K"
ticker: "AYR"
cik: "0001362988"
company_name: "Aircastle LTD"
filed_at: "2025-10-09T23:59:59+00:00"
generated_at: "2026-05-17T04:10:06.465719+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Aircastle Q2 2025: Revenue $228M, Net Income $57M; Acquires 11 aircraft for $503M

## Summary
- Total revenues $228M, net income $57M; lease rental revenue up 17% YoY.
- Acquired 11 new-technology aircraft for $503M; sold 4 older aircraft for net proceeds $73M with $24M gains.
- S&P upgraded to BBB, Moody's to Baa2; issued $650M unsecured notes at 5.000%.
- Adjusted EBITDA $262M; adjusted net debt-to-equity 2.2x; total liquidity $2.5B.
- Fleet utilization 99.7%; owned 270 aircraft with net book value $8.5B as of Aug 31, 2025.

## SEC filing metadata
- accession: 0001628280-25-044678
- form_type: 8-K
- ticker: AYR
- cik: 0001362988
- company_name: Aircastle LTD
- filed_at: 2025-10-09T23:59:59+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/1362988/000162828025044678/0001628280-25-044678-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1362988/000162828025044678/ayr-20251009.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-044678
- JSON: https://secwatch.observer/filing/0001628280-25-044678.json
- Plain text: https://secwatch.observer/filing/0001628280-25-044678.txt

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