Attached files

file filename
EX-32.1 - EX-32.1 - Aircastle LTDy04262exv32w1.htm
EX-32.2 - EX-32.2 - Aircastle LTDy04262exv32w2.htm
EX-31.1 - EX-31.1 - Aircastle LTDy04262exv31w1.htm
EX-21.1 - EX-21.1 - Aircastle LTDy04262exv21w1.htm
EX-10.5 - EX-10.5 - Aircastle LTDy04262exv10w5.htm
EX-99.1 - EX-99.1 - Aircastle LTDy04262exv99w1.htm
EX-23.1 - EX-23.1 - Aircastle LTDy04262exv23w1.htm
EX-31.2 - EX-31.2 - Aircastle LTDy04262exv31w2.htm
EX-10.40 - EX-10.40 - Aircastle LTDy04262exv10w40.htm
10-K - FORM 10-K - Aircastle LTDy04262e10vk.htm
Exhibit 12.1
 
AIRCASTLE LIMITED
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