Aircastle Fleet Evolution and Financial Update Q3 2023
Overview of Aircastle
As of November 30, 2023
AIRCASTLE
A MARUBENI & MIZUHO LEASING COMPANY
245 Aircraft
(Owned & Managed)
2
73 Lessees
$2.8B Available Liquidity'
2.3x Net Debt to Equity
3
42 Countries
79% Unsecured Debt
$7.1B NBV³
S&P Global
BBB-
Fitch Ratings
BBB+
MOODY'S
Baa3
1. Includes undrawn facilities of $1.8 billion, $0.6 billion of projected adjusted operating cash flows and sales through January 5, 2025, $0.3 billion of committed equity and $0.1 billion of unrestricted cash. Adjusted
contractual commitments includes debt maturities of $1.0 billion, committed investments and PDPs of $0.4 billion and Preference Share Dividends of $21 million.
2. Includes both owned and managed aircraft, flight equipment held for lease, and net investment in direct financing and sales-type leases.
3. As of November 30, 2023. Includes 50% of $400 million (or $200 million) of hybrid capital preference shares. The ratio excludes debt issuance costs or discounts which are reflected in the net debt totals that are
displayed on the consolidated balance sheet.
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