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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,
   
December 31,
 
   
2022
   
2021
 
Leasing equipment
   
1,990,115
   
$
2,122,428
 
Less: Accumulated depreciation
   
(430,540
)
   
(408,292
)
Leasing equipment, net
 
$
1,559,575
   
$
1,714,136
 
Lessor, Acquisition and Disposition of Leasing Equipment
The following table presents information related to acquisitions and dispositions of aviation leasing equipment during the nine months ended September 30, 2022:
 
Acquisitions:
     
Aircraft
   
23
 
Engines
   
45
 
Dispositions:
       
Aircraft
   
5
 
Engines
   
50
 
Operating Lease, Lease Income
Depreciation expense for leasing equipment is summarized as follows:
 
   
Three Months Ended
September 30,
   
Nine Months Ended
September 30,
 
   
2022
   
2021
   
2022
   
2021
 
Depreciation expense for leasing equipment
 
$
32,728
   
$
34,718
   
$
106,180
   
$
101,992