Attached files
| file | filename |
|---|---|
| EX-99.1 - OWNED AIRCRAFT PORTFOLIO - Aircastle LTD | ayrq42016ex991.htm |
| EX-32.1 - CEO AND CFO 906 CERTIFICATION - Aircastle LTD | ayrq4201610-kex321.htm |
| EX-31.1 - CEO AND CFO 302 CERTIFICATION - Aircastle LTD | ayrq4201610-kex311.htm |
| EX-23.1 - CONSENT OF ERNST & YOUNG LLP - Aircastle LTD | ayrq4201610-kex231.htm |
| EX-21.1 - SUBSIDIARIES OF AIRCASTLE LIMITED - Aircastle LTD | ayrq4201610-kex211.htm |
| EX-10.23 - AMENDMENT NO. 1 TO LETTER AGREEMENT - Aircastle LTD | ayrq4201610-kex1023.htm |
| EX-10.22 - AMENDMENT NO. 3 TO PURCHASE AGREEMENT - Aircastle LTD | ayrq4201610-kex1022.htm |
| EX-10.21 - AMENDMENT NO. 2 TO PURCHASE AGREEMENT - Aircastle LTD | ayrq4201610-kex1021.htm |
| EX-10.20 - AMENDMENT NO. 1 TO PURCHASE AGREEMENT - Aircastle LTD | ayrq4201610-kex1020.htm |
| 10-K - 10-K - Aircastle LTD | ayrq4201610-k.htm |
Exhibit 12.1
AIRCASTLE LIMITED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
Year Ended December 31, | ||||||||||||
2016 | 2015 | 2014 | ||||||||||
Fixed Charges: | ||||||||||||
Interest expense | $ | 255,660 | $ | 243,577 | $ | 238,378 | ||||||
Capitalized interest | 144 | — | — | |||||||||
Portion of rent expense representative of interest | 638 | 376 | 372 | |||||||||
Total fixed charges | $ | 256,442 | $ | 243,953 | $ | 238,750 | ||||||
Earnings: | ||||||||||||
Income from continuing operations before income taxes | $ | 156,505 | $ | 128,243 | $ | 111,637 | ||||||
Fixed charges from above | 256,442 | 243,952 | 238,750 | |||||||||
Less capitalized interest from above | (144 | ) | — | — | ||||||||
Amortization of capitalized interest | 532 | 800 | 800 | |||||||||
Earnings (as defined) | $ | 413,335 | $ | 372,995 | $ | 351,187 | ||||||
Ratio of earnings to fixed charges | 1.61 | x | 1.53 | x | 1.47 | x | ||||||