| Net Investment in Leases, Net |
Net Investment in Leases, Net At May 31, 2025 and February 28, 2025, our net investment in leases consisted of 14 aircraft. The components of our net investment in leases at May 31, 2025 and February 28, 2025, were as follows: | | | | | | | | | | | | | | May 31, 2025 | | February 28, 2025 | | | Lease receivable | $ | 116,820 | | | $ | 121,202 | | | | Unguaranteed residual value of flight equipment | 145,578 | | | 142,849 | | | | Net investment leases | 262,398 | | | 264,051 | | | | Allowance for credit losses | (6,644) | | | (6,802) | | | | Net investment in leases, net | $ | 255,754 | | | $ | 257,249 | | |
At May 31, 2025, future lease payments to be received under our net investment in leases were as follows: | | | | | | | | | | Year Ending February 28/29, | | Amount | | 2026 (Remainder of fiscal year) | | $ | 8,836 | | | 2027 | | 25,236 | | | 2028 | | 26,239 | | | 2029 | | 25,970 | | | 2030 | | 22,867 | | | Thereafter | | 42,213 | | | Total lease payments to be received | | 151,361 | | | Present value of lease payments - lease receivable | | (116,820) | | | Difference between undiscounted lease payments and lease receivable | | $ | 34,541 | |
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