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Net Investment in Leases, Net
 3 Months Ended
May 31, 2022
Leases [Abstract]  
Net Investment in Leases, Net Net Investment in Leases, Net
At May 31, 2022 and February 28, 2022, our net investment in leases consisted of ten and eleven aircraft, respectively. The components of our net investment in leases at May 31, 2022 and February 28, 2022, were as follows:
May 31, 2022February 28, 2022
Lease receivable$49,729 $52,021 
Unguaranteed residual value of flight equipment100,909 100,068 
Net investment leases150,638 152,089 
Allowance for credit losses(2,338)(1,764)
Net investment in leases, net$148,300 $150,325 
The activity in the allowance for credit losses related to our net investment in leases for the three months ended May 31, 2022 was as follows:
Amount
Balance at February 28, 2022
$1,764 
Provision for credit losses580 
Write-offs(6)
Balance at May 31, 2022
$2,338 
At May 31, 2022, future lease payments on net investment in leases are as follows:
Year Ending February 28/29,Amount
2023 (Remainder of fiscal year)$7,705 
20248,973 
20259,509 
20268,580 
20278,292 
Thereafter16,281 
Total lease payments to be received59,340 
Present value of lease payments - lease receivable(49,729)
Difference between undiscounted lease payments and lease receivable$9,611