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Investment in finance leases, net
 12 Months Ended
Dec. 31, 2024
Flight Equipment, Net [Abstract]  
Investment in finance leases, net Investment in finance leases, net
Components of investment in finance leases, net as of December 31, 2024 and 2023 were as follows:
As of December 31,
20242023
Future minimum lease payments to be received, net$1,189,932 $1,156,693 
Estimated residual values of leased flight equipment516,550 597,184 
Less: Unearned income(487,729)(490,502)
Less: Allowance for credit losses (Note 27)(10,168)(8,924)
$1,208,585 $1,254,451 
Investment in finance leases consists of direct financing leases and sales-type leases of flight equipment and represents net unpaid rentals and estimated unguaranteed residual values of leased equipment, less related unearned income.
As of December 31, 2024, the cash flows receivable, including the estimated residual value at lease termination, from finance and sales-type leases were as follows:
Cash flows receivable
2025$310,042 
2026265,599 
2027207,818 
2028147,522 
2029138,384 
Thereafter637,117 
Undiscounted cash flows receivable$1,706,482 
Less: Unearned income(487,729)
Less: Allowance for credit losses (Note 27)(10,168)
$1,208,585 
During the years ended December 31, 2024, 2023 and 2022, we recognized interest income from investment in finance leases, net of $96 million, $101 million and $130 million, respectively, included in basic lease rents.