Net Investment in Leases (Tables)

6 Months Ended

9 Months Ended

Aug. 31, 2020

Nov. 30, 2020

Leases [Abstract]

Schedule Of Components Of Investment In Finance Leases

The components of our net investment in leases at November 30, 2020, August 31, 2020 and February 29, 2020, were as follows:

	November 30, 2020		August 31, 2020		February 29, 2020
Lease receivable	$	111,392	$	117,847	$	166,060
Unguaranteed residual value of flight equipment	204,360		202,189		266,750
Net investment leases	315,752		320,036		432,810
Allowance for credit losses	(3,714)		(2,972)		(6,558)
Net investment in leases, net of allowance	$	312,038	$	317,064	$	426,252

Schedule of Future Minimum Lease Payments for Capital Leases

The activity in the allowance for credit losses related to our net investment in leases for the nine months ended November 30, 2020 is as follows:

	Amount
Balance at February 29, 2020	$	6,558
Provision for credit losses	4,513
Write-offs	(8,099)
Balance at August 31, 2020	2,972
Provision for credit losses	742
Balance at November 30, 2020	$	3,714

During the nine months ended November 30, 2020, we wrote-off $8,099 of lease rentals against the allowance for credit losses due to the early lease termination of seven Airbus A320-200 aircraft which had been classified as Net investment in leases. At November 30, 2020, future lease payments on net investment in leases are as follows:

Year Ending February 28/29,	Amount
Remainder of 2020	$	13,449
2021	32,504
2022	23,811
2023	22,628
2024	6,836
Thereafter	31,130
Total lease payments to be received	130,358
Present value of lease payments - lease receivable	(111,392)
Difference between undiscounted lease payments and lease receivable	$	18,966