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Maintenance rights and lease premium, net (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of finite-lived intangible assets
Maintenance rights and lease premium, net consisted of the following as of June 30, 2024 and December 31, 2023:
June 30, 2024December 31, 2023
Maintenance rights$1,870,381 $2,099,513 
Lease premium, net540,799 630,449 
$2,411,180 $2,729,962 
Schedule of movements in maintenance rights intangible
Movements in maintenance rights during the six months ended June 30, 2024 and 2023 were as follows:
Six Months Ended June 30,
20242023
Maintenance rights at beginning of period
$2,099,513 $2,540,286 
EOL and MR contract maintenance rights expense
(51,841)(140,686)
MR contract maintenance rights write-off due to maintenance liability release
(34,988)(16,594)
EOL contract maintenance rights write-off due to cash receipt
(97,289)(57,541)
EOL and MR contract maintenance rights write-off due to sale of aircraft(45,016)(70,505)
Maintenance rights at end of period
$1,870,379 $2,254,960 
Schedule of lease premium assets
The following tables present details of lease premium assets and related accumulated amortization as of June 30, 2024 and December 31, 2023:
June 30, 2024
Gross carrying amountAccumulated
amortization
Net carrying amount
Lease premium$975,245 $(434,446)$540,799 
December 31, 2023
Gross carrying amountAccumulated
amortization
Net carrying amount
Lease premium$1,002,293 $(371,844)$630,449