Attached files
| file | filename |
|---|---|
| EX-99.1 - OWNED AIRCRAFT PORTFOLIO - Aircastle LTD | ayrq42014ex991.htm |
| EX-31.2 - CFO 302 CERTIFICATION - Aircastle LTD | ayrq4201410-kex312.htm |
| EX-31.1 - CEO 302 CERTIFICATION - Aircastle LTD | ayrq4201410-kex311.htm |
| EX-32.2 - CFO 906 CERTIFICATION - Aircastle LTD | ayrq4201410-kex322.htm |
| EX-32.1 - CEO 906 CERTIFICATION - Aircastle LTD | ayrq4201410-kex321.htm |
| EX-21.1 - SUBSIDIARIES OF THE REGISTRANT - Aircastle LTD | ayrq4201410-kex211.htm |
| EXCEL - IDEA: XBRL DOCUMENT - Aircastle LTD | Financial_Report.xls |
| 10-K - 10-K - Aircastle LTD | ayrq4201410-k.htm |
| EX-23.1 - CONSENT OF ERNST & YOUNG LLP - Aircastle LTD | ayrq4201410-kex231.htm |
Exhibit 12.1
AIRCASTLE LIMITED
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
Year Ended December 31, | |||||||||||||
2012 | 2013 | 2014 | |||||||||||
Fixed Charges: | |||||||||||||
Interest expense | $ | 224,720 | $ | 243,757 | $ | 238,378 | |||||||
Capitalized interest | 1,315 | — | — | ||||||||||
Portion of rent expense representative of interest | 307 | 404 | 372 | ||||||||||
Total fixed charges | $ | 226,342 | $ | 244,161 | $ | 238,750 | |||||||
Earnings: | |||||||||||||
Income from continuing operations before income taxes | $ | 40,713 | $ | 38,943 | $ | 111,637 | |||||||
Fixed charges from above | 226,342 | 244,161 | 238,750 | ||||||||||
Less capitalized interest from above | (1,315 | ) | — | — | |||||||||
Amortization of capitalized interest | 800 | 800 | 800 | ||||||||||
Earnings (as defined) | $ | 266,540 | $ | 283,904 | $ | 351,187 | |||||||
Ratio of earnings to fixed charges | 1.18 | x | 1.16 | x | 1.47 | x | |||||||