Attached files
file | filename |
---|---|
EX-32.1 - EX-32.1 - Aircastle LTD | y04262exv32w1.htm |
EX-32.2 - EX-32.2 - Aircastle LTD | y04262exv32w2.htm |
EX-31.1 - EX-31.1 - Aircastle LTD | y04262exv31w1.htm |
EX-21.1 - EX-21.1 - Aircastle LTD | y04262exv21w1.htm |
EX-10.5 - EX-10.5 - Aircastle LTD | y04262exv10w5.htm |
EX-99.1 - EX-99.1 - Aircastle LTD | y04262exv99w1.htm |
EX-23.1 - EX-23.1 - Aircastle LTD | y04262exv23w1.htm |
EX-31.2 - EX-31.2 - Aircastle LTD | y04262exv31w2.htm |
EX-10.40 - EX-10.40 - Aircastle LTD | y04262exv10w40.htm |
10-K - FORM 10-K - Aircastle LTD | y04262e10vk.htm |
Exhibit 12.1
AIRCASTLE
LIMITED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
Year Ended December 31, | ||||||||||||
2008 | 2009 | 2010 | ||||||||||
Fixed Charges:
|
||||||||||||
Interest expense
|
$ | 216,577 | $ | 172,206 | $ | 182,802 | ||||||
Capitalized interest
|
5,737 | 1,457 | 4,127 | |||||||||
Portion of rent expense representative of interest
|
436 | 412 | 367 | |||||||||
Total fixed charges
|
$ | 222,750 | $ | 174,075 | $ | 187,296 | ||||||
Earnings:
|
||||||||||||
Income from continuing operations before income taxes
|
$ | 122,832 | $ | 111,152 | $ | 72,412 | ||||||
Fixed charges from above
|
222,750 | 174,075 | 187,296 | |||||||||
Less capitalized interest from above
|
(5,737 | ) | (1,457 | ) | (4,127 | ) | ||||||
Amortization of capitalized interest
|
283 | 384 | 397 | |||||||||
Earnings (as defined)
|
$ | 340,128 | $ | 284,154 | $ | 255,978 | ||||||
Ratio of earnings to fixed charges
|
1.53 | x | 1.63 | x | 1.37 | x | ||||||