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MANAGEMENT AGREEMENT AND AFFILIATE TRANSACTIONS (Tables) | 9 Months Ended
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Sep. 30, 2022
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | The following table summarizes the management fees and incentive allocations included in these consolidated financial statements:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Management fees |  | $ | 539 |  |  |  | 2,116 |  |  | $ | 4,692 |  |  |  | 7,027 |
Income incentive allocation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Capital gains incentive allocation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 539 |  |  | $ | 2,116 |  |  | $ | 4,692 |  |  | $ | 7,027 |
A portion of these reimbursable expenses that the Parent paid to the Manager and are attributable to FTAI Aviation Ltd. are included in the consolidated financial statements as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Classification in the Consolidated Statements of Operations: |  |  |  |  |  |  |  |  |  |  |  |
General and administrative expenses |  | $ | 1,466 |  |  | $ | 1,195 |  |  | $ | 4,160 |  |  | $ | 3,584 |
Acquisition and transaction expenses |  |  | 1,025 |  |  |  | 273 |  |  |  | 1,677 |  |  |  | 820 |
Total |  | $ | 2,491 |  |  | $ | 1,468 |  |  | $ | 5,837 |  |  | $ | 4,404 |
In addition to the above, the following corporate expenses, which were allocated from the Parent, are also included in the consolidated financial statements:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Classification in the Consolidated Statements of Operations: |  |  |  |  |  |  |  |  |  |  |  |
General and administrative expenses |  | $ | 1,888 |  |  | $ | 1,667 |  |  | $ | 4,965 |  |  | $ | 3,582 |
The following table summarizes amounts due to the Parent, which are included within Management fees payable to affiliate in the Consolidated Balance Sheets:
|  | September 30, 2022 |  |  | December 31, 2021 |
Management fees payable to affiliate |  | $ | 46,095 |  |  | $ | 43,477 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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