Aircastle Fleet Evolution and Financial Update Q3 2023
Conservative Debt Profile
AIRCASTLE
A MARUBENI & MIZUHO LEASING COMPANY
Investment Grade
Since 2018
S&P: BBB-
Fitch: BBB+
Moody's Baa3
Average remaining debt
maturity of 2.7 years
79% of total debt is
unsecured
80% of aircraft & other
flight equipment are
unencumbered
($5.4 billion)
2.3x1
Net Debt/Equity
Debt Maturity Profile as of November 30, 2023 (in millions)
$416
$219
$33
$344
$1,400
$20
$155
$650
$650
$500
FY2023
FY2024
FY2025
FY2026
FY2027 & Thereafter
Unsecured bonds and term loans
Secured debt
1. 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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