Attached files
file | filename |
---|---|
EX-99.1 - OWNED AIRCRAFT PORTFOLIO - Aircastle LTD | ayrq42017ex991.htm |
EX-32.2 - CFO 906 CERTIFICATION - Aircastle LTD | ayrq4201710-kex322.htm |
EX-32.1 - CEO 906 CERTIFICATION - Aircastle LTD | ayrq4201710-kex321.htm |
EX-31.2 - CFO 302 CERTIFICATION - Aircastle LTD | ayrq4201710-kex312.htm |
EX-31.1 - CEO 302 CERTIFICATION - Aircastle LTD | ayrq4201710-kex311.htm |
EX-23.1 - CONSENT OF ERNST & YOUNG LLP - Aircastle LTD | ayrq4201710-kex231.htm |
EX-21.1 - SUBSIDIARIES OF AIRCASTLE LIMITED - Aircastle LTD | ayrq4201710-kex211.htm |
10-K - 10-K - Aircastle LTD | ayrq4201710-k.htm |
Exhibit 12.1
AIRCASTLE LIMITED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
Year Ended December 31, | ||||||||||||
2017 | 2016 | 2015 | ||||||||||
Fixed Charges: | ||||||||||||
Interest expense | $ | 241,231 | $ | 255,660 | $ | 243,577 | ||||||
Capitalized interest | 255 | 144 | — | |||||||||
Portion of rent expense representative of interest | 701 | 638 | 376 | |||||||||
Total fixed charges | $ | 242,187 | $ | 256,442 | $ | 243,953 | ||||||
Earnings: | ||||||||||||
Income from continuing operations before income taxes | $ | 146,305 | $ | 156,505 | $ | 128,243 | ||||||
Fixed charges from above | 242,187 | 256,442 | 243,952 | |||||||||
Less capitalized interest from above | (255 | ) | (144 | ) | — | |||||||
Amortization of capitalized interest | 381 | 532 | 800 | |||||||||
Earnings (as defined) | $ | 388,618 | $ | 413,335 | $ | 372,995 | ||||||
Ratio of earnings to fixed charges | 1.60 | x | 1.61 | x | 1.53 | x |