- Aircastle reported **net income of $57 million** on **total revenues of $228 million** for the second quarter of fiscal 2025.  **[0001362988_2174312_1]** **[0001362988_2174312_3]** 
- The company acquired **11 aircraft** for over **$500 million** in Q2 2026, contributing to almost **$1 billion** in aircraft acquisitions halfway through the fiscal year. Approximately **50% of its fleet is new technology** as of August 31, 2025.  **[0001362988_2174312_1]** 
- Aircastle recognized an additional **$56 million** in the second quarter from **Russia-related insurance settlements**, which have all been collected.  **[0001362988_2174312_1]** **[0001362988_2174312_3]**  The company also received **rating upgrades** from S&P to BBB flat and Moody's to Baa2.  **[0001362988_2174312_2]** **[0001362988_2174312_3]** 
- As of October 1, Aircastle had **$2.5 billion in total liquidity** and recycled debt by issuing **$650 million unsecured senior notes at 5%** while repaying **$650 million of senior notes at 5.25%**.  **[0001362988_2174312_3]**

Aircastle Reports Q2 2026 Financial Results and Fleet Expansion

- Aircastle Limited reported **Q2 2025 total revenues of $228 million** and **net income of $57 million**, with lease rental revenue increasing **17%** compared to Q2 2024.  **[1362988_0001628280-25-044678_ayrq22025exhibit991.htm:0]** 
- The company expanded its fleet by acquiring **11 aircraft for $503 million**, and as of August 31, 2025, **50% of its fleet's net book value** consisted of new technology aircraft, with **100% of the fleet on lease**.  **[1362988_0001628280-25-044678_ayrq22025exhibit991.htm:0]** 
- Aircastle received credit rating upgrades to **BBB from S&P** on August 14, 2025, and **Baa2 from Moody's** on October 3, 2025, and successfully issued **$650 million in unsecured senior notes at 5.000%**.  **[1362988_0001628280-25-044678_ayrq22025exhibit991.htm:0]** 
- Total liquidity reached **$2.5 billion** as of October 1, 2025.  **[1362988_0001628280-25-044678_ayrq22025exhibit991.htm:0]**

Aircastle Announces Strong Q2 2025 Results and Credit Rating Upgrades

- Aircastle reported **net income of $57 million** and **total revenue of $228 million** for the three months ended **August 31, 2025**.  **[0001362988_2174287:7]** 
- The company achieved **100% fleet utilization** and added **$503 million in aircraft Net Book Value (NBV)** in the quarter ended August 31, 2025, with **84% of these additions being new technology aircraft**.  **[0001362988_2174287:7]** 
- Credit ratings were upgraded by **S&P to BBB in August 2025** and by **Moody's to Baa2 in October 2025**, citing improved fleet, consistent profitability, and strong liquidity.  **[0001362988_2174287:8]** **[0001362988_2174287:11]** 
- Aircastle maintains a strong liquidity position with **$2.5 billion available as of October 1, 2025**, and a conservative debt profile, characterized by **98% unsecured debt** and **99% unencumbered aircraft and flight equipment**.  **[0001362988_2174287:8]** 
- In July 2025, the company issued **$650 million in unsecured senior notes at 5.00%**.  **[0001362988_2174287:7]** **[0001362988_2174287:8]**

Aircastle (AYR)