Net Investment in Finance Leases (Tables)

12 Months Ended

Feb. 28, 2021

Leases [Abstract]

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 two months ended February 29, 2020 and the year ended February 28, 2021 is as follows:

	Amount
Balance at December 31, 2019	$	—
Adoption of accounting standard	6,270
Provision for credit losses	288
Balance at February 29, 2020	6,558
Provision for credit losses	5,258
Write-offs	(10,952)
Balance at February 28, 2021	$	864

During the year ended February 28, 2021, we wrote-off $10,952 of lease rentals against the allowance for credit losses, primarily due to the early lease terminations of seven narrow-body aircraft which had been classified as Net investment in leases. At February 28, 2021, future lease payments on net investment in leases are as follows:

Year Ending February 28/29,	Amount
2022	$	23,753
2023	13,470
2024	12,568
2025	6,989
2026	6,060
Thereafter	15,414
Total lease payments to be received	78,254
Present value of lease payments - lease receivable	(67,075)
Difference between undiscounted lease payments and lease receivable	$	11,179