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LEASING EQUIPMENT, NET (Tables)
9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Schedule of Lessor, Operating Leases
Leasing equipment, net is summarized as follows:
September 30, 2022December 31, 2021
Leasing equipment$2,179,728 $2,312,040 
Less: Accumulated depreciation(487,546)(456,403)
Leasing equipment, net$1,692,182 $1,855,637 
Lessor, Acquisition and Disposition of Leasing Equipment
The following table presents information related to our acquisitions and dispositions of aviation leasing equipment during the nine months ended September 30, 2022:
Acquisitions:
Aircraft23 
Engines45 
Dispositions:
Aircraft
Engines50 
Operating Lease, Lease Income
Depreciation expense for leasing equipment is summarized as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Depreciation expense for leasing equipment$34,704 $36,130 $115,074 $106,172