v3.25.4
Investment in finance leases, net
 12 Months Ended
Dec. 31, 2025
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, 2025 and 2024 were as follows:
As of December 31,
20252024
Future minimum lease payments to be received, net$1,376,169 $1,189,932 
Estimated residual values of leased flight equipment1,138,541 516,550 
Less: Unearned income(694,940)(487,729)
Less: Allowance for credit losses (Note 27)(12,276)(10,168)
$1,807,494 $1,208,585 
Investment in finance leases consists of 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, 2025, the cash flows receivable, including the estimated residual value at lease termination, from sales-type leases were as follows:
Cash flows receivable
2026$551,622 
2027435,613 
2028347,056 
2029212,885 
2030139,192 
Thereafter828,342 
Undiscounted cash flows receivable$2,514,710 
Less: Unearned income(694,940)
Less: Allowance for credit losses (Note 27)(12,276)
$1,807,494 
During the years ended December 31, 2025, 2024 and 2023, we recognized interest income from investment in finance leases, net of $156 million, $96 million and $101 million, respectively, included in basic lease rents.