---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-026243"
form_type: "8-K"
ticker: "AYR"
cik: "0001362988"
company_name: "Aircastle LTD"
filed_at: "2026-04-21T23:59:59+00:00"
generated_at: "2026-05-15T05:05:09.671128+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Aircastle FY 2025 net income $194M (+57% YoY); Q4 rev $251M (+22%); 46 aircraft acquired

## Summary
- Net income for FY 2025 (ended Feb 28, 2026) was $194M, up 57% from $124M in FY 2024; Q4 net income $57M on rev $251M (+22%).
- Acquired 46 aircraft for $1.7B during FY 2025; sold 33 aircraft for $730M, generating gains of $96M.
- Ratings upgraded to Baa2 (Moody's) and BBB (S&P); raised $1.25B in new financings, including $650M 5% unsecured notes.
- Adjusted EBITDA for FY 2025 was $945M vs $790M in FY 2024; total liquidity $2.6B as of April 1, 2026.
- CEO notes Middle East uncertainties and fuel cost surge, but demand sustaining; fleet utilization 99.1% for FY.

## SEC filing metadata
- accession: 0001628280-26-026243
- form_type: 8-K
- ticker: AYR
- cik: 0001362988
- company_name: Aircastle LTD
- filed_at: 2026-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1362988/000162828026026243/0001628280-26-026243-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1362988/000162828026026243/ayrq42025exhibit991.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-026243
- JSON: https://secwatch.observer/filing/0001628280-26-026243.json
- Plain text: https://secwatch.observer/filing/0001628280-26-026243.txt

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