Aircastle Announces Second Quarter 2026 Results (Form 8-K)

Aircastle Announces Second Quarter 2026 Results

Highlights for the Three Months Ended August 31, 2026

•Total revenues of $283 million and net income of $69 million

•Adjusted EBITDA(1) of $247 million

•Acquired 5 aircraft for $269 million, including 3 Airbus A321neo and 1 Boeing 737MAX8

•Sold 11 aircraft and other flight equipment for proceeds of $243 million and gains on sales of $38 million

•New technology aircraft comprised 54% of our fleet's net book value as of August 31, 2026

Liquidity

•Redeemed all 400 outstanding Series A Preference Shares

•98% of total debt is unsecured as of August 31, 2026

•Adjusted net debt-to-equity of 2.4 times as of August 31, 2026

•Total liquidity of $2.8 billion as of October 1, 2026, which includes $2.0 billion of undrawn facilities, $0.7 billion of projected adjusted operating cash flows and sales through October 1, 2027, and $0.1 billion of unrestricted cash

•259 unencumbered aircraft and other flight equipment with a net book value of $8.2 billion

Mike Inglese, Aircastle's CEO stated, "Strong travel demand and constrained aircraft supply continue to support lease rates and asset values. Significant gains on sale contributed to second quarter net income of $69 million, reinforcing a disciplined, profitability-focused approach to capital deployment. Year-to-date, we've invested $386 million in aircraft acquisitions and we're moving into the second half of our fiscal year with ample liquidity and confidence in our ability to service our customers and source attractive investments."

Aviation Assets

As of August 31, 2026, Aircastle owned 263 aircraft and other flight equipment having a net book value of $8.3 billion and managed an additional 5 aircraft.

Owned Aircraft			As of August 31, 2026						As of August 31, 2025
			(Dollars in millions)
Net Book Value of Flight Equipment			$	8,300					$	8,470
Net Book Value of Unencumbered Flight Equipment			$	8,185					$	8,351
Number of Aircraft			263						270
Number of Unencumbered Aircraft			259						266
Number of Lessees			67						75
Number of Countries			42						46
Weighted Average Age (years)(1)			9.0						8.6
Weighted Average Remaining Lease Term (years)(1)			5.3						5.7
Weighted Average Fleet Utilization during the Second Quarter(2)			97.4		%				99.7		%
Managed Aircraft
Number of Managed Aircraft(3)			5						8

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1.Weighted by Net Book Value.

2.Aircraft on lease as a percentage of total days in period weighted by net book value. Utilization was impacted by certain aircraft previously leased to a customer that has ceased operations which are expected to remain off lease for an extended period, as well as aircraft redeliveries during the period and the timing of related transitions or sales.

3.Number of managed aircraft as of August 31, 2026 includes 4 aircraft owned by our joint venture with Mizuho Leasing.

Conference Call

Following this press release, management will host a conference call on Wednesday, October 14, 2026, at 9:00 A.M. Eastern Time. All interested parties are welcome to participate in the live call. The conference call can be accessed by dialing 1 (800) 836-8184 (from within the U.S. and Canada) or +1 (646) 357-8785 (outside the U.S. and Canada) ten minutes prior to the scheduled start. Please reference our company name "Aircastle" when prompted by the operator.

A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.aircastle.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.

For those who are not available to listen to the live call, a replay will be available on Aircastle's website shortly after the live call.

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About Aircastle Limited

Aircastle Limited acquires, leases and sells commercial jet aircraft to airlines throughout the world. As of August 31, 2026, Aircastle owned and managed 268 aircraft leased to 67 airline customers located in 42 countries.