v3.25.4

Fair value measurements (Tables) | 12 Months Ended
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Dec. 31, 2025
Fair Value Disclosures [Abstract] |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | The following tables present our financial assets and liabilities that we measured at fair value on a recurring basis by level within the fair value hierarchy as of December 31, 2025 and 2024:
| December 31, 2025
| Total |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |
Derivative assets | $ | 12,247 |  |  | $ | — |  |  | $ | 12,247 |  |  | $ | — |
Investments, at fair value | 49,218 |  |  | 12,996 |  |  | — |  |  | 36,222 |
Liabilities |  |  |  |  |  |  |
Derivative liabilities | $ | 72,727 |  |  | $ | — |  |  | $ | 72,727 |  |  | $ | — |
| December 31, 2024
| Total |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |
Derivative assets | $ | 81,770 |  |  | $ | — |  |  | $ | 81,770 |  |  | $ | — |
Investments, at fair value | 75,496 |  |  | 75,496 |  |  | — |  |  | — |
Liabilities |  |  |  |  |  |  |
Derivative liabilities | $ | 15,440 |  |  | $ | — |  |  | $ | 15,440 |  |  | $ | — |
Schedule of Fair Value Measurement Inputs and Valuation Techniques | For flight equipment that we measured at fair value on a non-recurring basis, as a result of aircraft that were impaired, during the year ended December 31, 2025, the following table presents the fair value of such flight equipment that were impaired as of the measurement date, the valuation technique and the related unobservable inputs:
| Fair value |  | Valuation technique |  | Unobservable input |  | Weighted average
Flight equipment | $ | 329,008 |  |  | Income approach |  | Discount rate |  | 7.5 | %
|  |  |  |  | Non-contractual cash flows as a % of total cash flows |  | 84 | %
Schedule of Fair Value, by Balance Sheet Grouping | The carrying amounts and fair values of our most significant financial instruments as of December 31, 2025 and 2024 were as follows:
| December 31, 2025 |
| Carrying value |  | Fair value |  | Level 1 |  | Level 2 |  | Level 3 |
Assets |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 1,379,180 |  |  | $ | 1,379,180 |  |  | $ | 1,379,180 |  |  | $ | — |  |  | $ | — |  |
Restricted cash | 100,564 |  |  | 100,564 |  |  | 100,564 |  |  | — |  |  | — |  |
Loans receivable | 513,689 |  |  | 544,440 |  |  | — |  |  | — |  |  | 544,440 |  |
Notes receivable | 86,846 |  |  | 79,637 |  |  | — |  |  | — |  |  | 79,637 |  |
Derivative assets | 12,247 |  |  | 12,247 |  |  | — |  |  | 12,247 |  |  | — |  |
Investments, at fair value | 49,218 |  |  | 49,218 |  |  | 12,996 |  |  | — |  |  | 36,222 |  |
| $ | 2,141,744 |  |  | $ | 2,165,286 |  |  | $ | 1,492,740 |  |  | $ | 12,247 |  |  | $ | 660,299 |  |
Liabilities |  |  |  |  |  |  |  |  |  |
Debt | $ | 43,806,304 |  | (a) | $ | 43,045,384 |  |  | $ | — |  |  | $ | 43,045,384 |  |  | $ | — |  |
Derivative liabilities | 72,727 |  |  | 72,727 |  |  | — |  |  | 72,727 |  |  | — |  |
| $ | 43,879,031 |  |  | $ | 43,118,111 |  |  | $ | — |  |  | $ | 43,118,111 |  |  | $ | — |  |
(a)Excludes debt issuance costs, debt discounts and debt premium.
| December 31, 2024
| Carrying value |  | Fair value |  | Level 1 |  | Level 2 |  | Level 3
Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 1,209,226 |  |  | $ | 1,209,226 |  |  | $ | 1,209,226 |  |  | $ | — |  |  | $ | — |
Restricted cash | 192,356 |  |  | 192,356 |  |  | 192,356 |  |  | — |  |  | — |
Loans receivable | 595,640 |  |  | 625,191 |  |  | — |  |  | — |  |  | 625,191 |
Notes receivable | 401,989 |  |  | 401,989 |  |  | — |  |  | — |  |  | 401,989 |
Derivative assets | 81,770 |  |  | 81,770 |  |  | — |  |  | 81,770 |  |  | — |
Investments, at fair value | 75,496 |  |  | 75,496 |  |  | 75,496 |  |  | — |  |  | — |
| $ | 2,556,477 |  |  | $ | 2,586,028 |  |  | $ | 1,477,078 |  |  | $ | 81,770 |  |  | $ | 1,027,180 |
Liabilities |  |  |  |  |  |  |  |  |
Debt | $ | 45,537,495 |  | (a) | $ | 43,770,740 |  |  | $ | — |  |  | $ | 43,770,740 |  |  | $ | — |
Derivative liabilities | 15,440 |  |  | 15,440 |  |  | — |  |  | 15,440 |  |  | — |
| $ | 45,552,935 |  |  | $ | 43,786,180 |  |  | $ | — |  |  | $ | 43,786,180 |  |  | $ | — |
(a)Excludes debt issuance costs, debt discounts and debt premium.

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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 10 -SubTopic 10 -Topic 825 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-10 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-13 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482881/825-10-55-12 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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