secwatch.observer — SEC 8-K summary
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Issuer:     Aircastle LTD (AYR)
CIK:        0001362988
Form:       8-K
Filed at:   2026-04-21T23:59:59+00:00
Accession:  0001628280-26-026243
Event type: earnings
Sentiment:  positive
Materiality: 0.75
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1362988/000162828026026243/0001628280-26-026243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1362988/000162828026026243/ayrq42025exhibit991.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-026243

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