---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-047770"
form_type: "8-K"
ticker: "AYR"
cik: "0001362988"
company_name: "Aircastle LTD"
filed_at: "2026-07-09T19:40:39+00:00"
generated_at: "2026-07-09T19:42:07.333186+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Aircastle reports Q1 net income $34M, revenue $236M; raises $1B in new financings

## Summary
- Total revenues $236M, net income $34M; lease rental revenue up 6% YoY.
- Adjusted EBITDA $208M; acquired 4 aircraft for $117M, sold 5 for $114M with $11M gains.
- Raised $1B: $650M unsecured notes at 5.000% and $375M unsecured term loan (expandable to $425M).
- Fleet utilization 97.9% (down from 99.5% YoY); 270 unencumbered aircraft with NBV $8.3B.
- Total liquidity $2.6B; 98% of debt unsecured; adjusted net debt-to-equity 2.2x.

## SEC filing metadata
- accession: 0001628280-26-047770
- form_type: 8-K
- ticker: AYR
- cik: 0001362988
- company_name: Aircastle LTD
- filed_at: 2026-07-09T19:40:39+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1362988/000162828026047770/0001628280-26-047770-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1362988/000162828026047770/ayr-20260709.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-047770
- JSON: https://secwatch.observer/filing/0001628280-26-047770.json
- Plain text: https://secwatch.observer/filing/0001628280-26-047770.txt

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