Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Aircastle LTD | d639402d8k.htm |
| EX-5.2 - EX-5.2 - Aircastle LTD | d639402dex52.htm |
| EX-4.2 - EX-4.2 - Aircastle LTD | d639402dex42.htm |
| EX-5.1 - EX-5.1 - Aircastle LTD | d639402dex51.htm |
| EX-4.1 - EX-4.1 - Aircastle LTD | d639402dex41.htm |
| EX-1.1 - EX-1.1 - Aircastle LTD | d639402dex11.htm |
Exhibit 12.1
Aircastle Limited
Ratio of Earnings to Fixed Charges
| 2008 | 2009 | 2010 | 2011 | 2012 | Nine Months Ended September 30, |
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| 2012 | 2013 | |||||||||||||||||||||||||||
| Fixed Charges |
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| Interest expense |
216,577 | 172,206 | 182,802 | 211,046 | 224,720 | 168,965 | 184,335 | |||||||||||||||||||||
| Interest capitalized during the period |
5,737 | 1,457 | 4,127 | 6,506 | 1,315 | 1,315 | — | |||||||||||||||||||||
| Portion of rent expense representative of interest |
436 | 412 | 367 | 381 | 307 | 212 | 310 | |||||||||||||||||||||
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| 222,750 | 174,075 | 187,296 | 217,933 | 226,342 | 170,492 | 184,645 | ||||||||||||||||||||||
| Earnings |
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| Income (loss) from continuing operations before income taxes |
122,832 | 111,152 | 72,412 | 132,102 | 40,713 | 9,055 | (11,921 | ) | ||||||||||||||||||||
| Fixed changes per above |
222,750 | 174,075 | 187,296 | 217,933 | 226,342 | 170,492 | 184,645 | |||||||||||||||||||||
| Less interest capitalized during period |
(5,737 | ) | (1,457 | ) | (4,127 | ) | (6,506 | ) | (1,315 | ) | (1,315 | ) | — | |||||||||||||||
| Current period amortization of interest capitalized in prior periods |
283 | 384 | 397 | 597 | 800 | 600 | 600 | |||||||||||||||||||||
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| 340,128 | 284,154 | 255,978 | 344,126 | 266,540 | 178,832 | 173,324 | ||||||||||||||||||||||
| Ratio of Earnings to Fixed Charges |
1.53 | 1.63 | 1.37 | 1.58 | 1.18 | 1.05 | 0.94 | 1 | ||||||||||||||||||||
| 1 | For the nine months ended September 30, 2013, the amount of the deficiency was $11.3 million, including an impairment charge of $112.3 million. |