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INVESTMENTS
 9 Months Ended
Sep. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]  
INVESTMENTS

5.  INVESTMENTS
 
The following table presents the ownership interests and carrying values of our investments:
 
           
Carrying Value
  

 
Investment
  
Ownership Percentage
    
September 30,
2022
    
December 31,
2021
  
Advanced Engine Repair JV
Equity method
    
25%

 
$
20,439
    
$
21,317
  
Falcon MSN 177 LLC
Equity method
    
50%

   
1,841
      
1,600
  
             
$
22,280
    
$
22,917
  
 
We did not recognize any other-than-temporary impairments for the three and nine months ended September 30, 2022 and 2021.

The following table presents our proportionate share of equity in losses:
 
   
Three Months Ended September 30,
    
Nine Months Ended September 30,
  
   
2022
    
2021
    
2022
    
2021
  
Advanced Engine Repair JV
  
$
(314
)
  
$
(369
)
  
$
(879
)
  
$
(1,050
)
Falcon MSN 177 LLC
    
(44
)
    
—
      
754
      
—
  
Total
  
$
(358
)
  
$
(369
)
  
$
(125
)
  
$
(1,050
)
 
Advanced Engine Repair JV
 
In December 2016, we invested $15.0 million for a 25% interest in an advanced engine repair joint venture. We focus on developing new costs savings programs for engine repairs. We exercise significant influence over this investment and account for this investment as an equity method investment.
 
In August 2019, we expanded the scope of our joint venture and invested an additional $13.5 million and maintained a 25% interest.

Falcon MSN 177 LLC
 
In November 2021, we invested $1.6 million for a 50% interest in Falcon MSN 177 LLC, an entity that consists of one Dassault Falcon 2000 aircraft. Falcon MSN 177 LLC leases the aircraft to charter operators on aircraft, crew maintenance, and insurance contracts. We account for our investment in Falcon as an equity method investment as we have significant influence through our interest.