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SEGMENT INFORMATION - Statement of Income by Segment (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Total revenues $ 502,080 $ 326,694
Expenses    
Cost of sales 248,714 142,804
Operating expenses 32,438 25,317
General and administrative 3,116 3,683
Acquisition and transaction expenses 7,292 6,179
Management fees and incentive allocation to affiliate 0 4,895
Depreciation and amortization 59,562 49,920
Asset impairment 0 962
Total expenses 351,122 233,760
Other income (expense)    
Interest expense (62,040) (47,707)
Equity in (losses) earnings of unconsolidated entities [1],[2] (7,614) (667)
Other income [3] 43,941 634
Total other expense (25,713) (47,740)
Income before income taxes 125,245 45,194
Provision for (benefit from) income taxes 22,859 5,572
Net income 102,386 39,622
Less: Dividends on preferred shares 6,115 8,335
Less: Loss on redemption of preferred shares 6,327 0
Net income attributable to shareholders 89,944 31,287
Gain on sale of assets, net 10,870 0
Aerospace products revenue    
Revenues    
Total revenues [4] 365,063 189,057
Aerospace products revenue | Affiliates    
Revenues    
Total revenues 100,638 0
Lease income    
Revenues    
Total revenues 68,471 53,240
Maintenance revenue    
Revenues    
Total revenues 49,607 45,790
Asset sales revenue    
Revenues    
Total revenues 18,939 38,607
Operating Segments    
Other income (expense)    
Income before income taxes  
Corporate and Other    
Revenues    
Total revenues 4 2,327
Expenses    
Cost of sales 0 0
Operating expenses 19,325 9,640
General and administrative 3,116 3,683
Acquisition and transaction expenses 3,255 3,172
Management fees and incentive allocation to affiliate   4,895
Depreciation and amortization 917 2,903
Asset impairment   0
Total expenses 26,613 24,293
Other income (expense)    
Interest expense (62,040) (47,707)
Equity in (losses) earnings of unconsolidated entities 0 0
Other income 452 265
Total other expense (61,588) (47,442)
Income before income taxes (88,197) (69,408)
Provision for (benefit from) income taxes (13,864) 0
Net income (74,333) (69,408)
Less: Dividends on preferred shares 6,115 8,335
Less: Loss on redemption of preferred shares 6,327  
Net income attributable to shareholders (86,775) (77,743)
Corporate and Other | Aerospace products revenue    
Revenues    
Total revenues 0 0
Corporate and Other | Lease income    
Revenues    
Total revenues 4 2,327
Corporate and Other | Maintenance revenue    
Revenues    
Total revenues 0 0
Corporate and Other | Asset sales revenue    
Revenues    
Total revenues 0 0
Eliminations    
Revenues    
Total revenues 0  
Expenses    
Cost of sales 0  
Operating expenses 0  
General and administrative 0  
Acquisition and transaction expenses 0  
Depreciation and amortization 0  
Total expenses 0  
Other income (expense)    
Interest expense 0  
Equity in (losses) earnings of unconsolidated entities (6,950) 0
Other income 0  
Total other expense (6,950)  
Income before income taxes (6,950)  
Provision for (benefit from) income taxes 0  
Net income (6,950)  
Less: Dividends on preferred shares 0  
Less: Loss on redemption of preferred shares 0  
Net income attributable to shareholders (6,950)  
Eliminations | Aerospace products revenue    
Revenues    
Total revenues 0  
Eliminations | Lease income    
Revenues    
Total revenues 0  
Eliminations | Maintenance revenue    
Revenues    
Total revenues 0  
Eliminations | Asset sales revenue    
Revenues    
Total revenues 0  
Aviation Leasing | Operating Segments    
Revenues    
Total revenues 137,013 135,310
Expenses    
Cost of sales 19,959 31,889
Operating expenses 7,426 8,207
General and administrative 0 0
Acquisition and transaction expenses 2,905 2,761
Management fees and incentive allocation to affiliate   0
Depreciation and amortization 55,061 46,084
Asset impairment   962
Total expenses 85,351 89,903
Other income (expense)    
Interest expense 0 0
Equity in (losses) earnings of unconsolidated entities (777) (146)
Other income 43,489 369
Total other expense 42,712 223
Income before income taxes 94,374 45,630
Provision for (benefit from) income taxes 17,348 3,033
Net income 77,026 42,597
Less: Dividends on preferred shares 0 0
Less: Loss on redemption of preferred shares 0  
Net income attributable to shareholders 77,026 42,597
Aviation Leasing | Operating Segments | Aerospace products revenue    
Revenues    
Total revenues 0 0
Aviation Leasing | Operating Segments | Lease income    
Revenues    
Total revenues 68,467 50,913
Aviation Leasing | Operating Segments | Maintenance revenue    
Revenues    
Total revenues 49,607 45,790
Aviation Leasing | Operating Segments | Asset sales revenue    
Revenues    
Total revenues 18,939 38,607
Aerospace Products | Operating Segments    
Revenues    
Total revenues 365,063 189,057
Expenses    
Cost of sales 228,755 110,915
Operating expenses 5,687 7,470
General and administrative 0 0
Acquisition and transaction expenses 1,132 246
Management fees and incentive allocation to affiliate   0
Depreciation and amortization 3,584 933
Asset impairment   0
Total expenses 239,158 119,564
Other income (expense)    
Interest expense 0 0
Equity in (losses) earnings of unconsolidated entities 113 (521)
Other income 0 0
Total other expense 113 (521)
Income before income taxes 126,018 68,972
Provision for (benefit from) income taxes 19,375 2,539
Net income 106,643 66,433
Less: Dividends on preferred shares 0 0
Less: Loss on redemption of preferred shares 0  
Net income attributable to shareholders 106,643 66,433
Aerospace Products | Operating Segments | Aerospace products revenue    
Revenues    
Total revenues 365,063 189,057
Aerospace Products | Operating Segments | Lease income    
Revenues    
Total revenues 0 0
Aerospace Products | Operating Segments | Maintenance revenue    
Revenues    
Total revenues 0 0
Aerospace Products | Operating Segments | Asset sales revenue    
Revenues    
Total revenues $ 0 $ 0
[1] Includes the profit elimination of $(6,950) and $0 for the three months ended March 31, 2025 and 2024, respectively, for sales to the 2025 Partnership within the Aerospace Products segment.
[2] Includes the profit elimination of $(6,950) and $0 for the three months ended March 31, 2025 and 2024, respectively, for sales to the 2025 Partnership.
[3] Includes gain on sale of $10,870 and $0 for the three months ended March 31, 2025 and 2024, respectively, for sales to the 2025 Partnership.
[4] Includes revenue of $100,638 and $0 for the three months ended March 31, 2025 and 2024, respectively, for sales to the 2025 Partnership. See Note 11 for additional information.