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Flight equipment held for sale | 12 Months Ended
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Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Flight equipment held for sale | Flight equipment held for sale Generally, flight equipment is classified as held for sale when the sale is probable, the asset is available for sale in its present condition, and it is expected to be sold within one year. Flight equipment assets are reclassified from flight equipment held for operating leases to flight equipment held for sale at the lower of the asset carrying value or fair value, less costs to sell. Depreciation is no longer recognized for flight equipment classified as held for sale. As of December 31, 2021, 13 aircraft with a total net book value of $304.4 million were classified as flight equipment held for sale in our Consolidated Balance Sheet. Aggregate maintenance and security deposit amounts received from lessees of approximately $16.4 million will be assumed by the buyers of these aircraft upon consummation of the individual sale transactions. As of December 31, 2020, no aircraft were classified as flight equipment held for sale in our Consolidated Balance Sheet.

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