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Rental Income

12 Months Ended

Dec. 31, 2019

Rental Income

Rental Income

Note 5. Rental Income

At December 31, 2019, minimum future rentals on non-cancellable operating leases of flight equipment in our fleet, which have been delivered as of December 31, 2019, are as follows:

​

​	​	​	​
Years ending December 31,		(in thousands)
​	​	​	​
2020	​	$	1,996,546
2021	​		1,936,891
2022	​		1,803,875
2023	​		1,613,673
2024	​		1,470,094
Thereafter	​		5,321,384
Total	​	$	14,142,463

​

The Company recorded $43.9 million, $24.9 million, and $40.9 million in overhaul revenue based on our lessees’ usage of the aircraft for the years ended December 31, 2019, 2018, and 2017, respectively.

The following table shows the scheduled lease terminations (for the minimum non-cancellable period which does not include contracted unexercised lease extension options) of our flight equipment subject to operating leases, excluding two aircraft currently off lease, as of December 31, 2019, updated through February 14, 2020:

​

​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Aircraft Type		2020		2021		2022		2023		2024		Thereafter		Total
Airbus A319-100	​	—	​	1	​	—	​	—	​	—	​	—	​	1
Airbus A320-200	​	2	​	2	​	1	​	3	​	6	​	7	​	21
Airbus A320-200neo	​	—	​	—	​	—	​	—	​	1	​	12	​	13
Airbus A321-200		2	​	3	​	1	​	7	​	1	​	14		28
Airbus A321-200neo		1	​	1	​	—	​	—	​	2	​	31		35
Airbus A330-200		1	​	1	​	2	​	2	​	1	​	4		11
Airbus A330-300	​	—	​	—	​	2	​	1	​	—	​	4	​	7
Airbus A330-900neo		—	​	—	​	1	​	—	​	—	​	6		7
Airbus A350-900	​	—	​	—	​	—	​	—	​	—	​	10	​	10
Boeing 737-700	​	—	​	2	​	—	​	2	​	—	​	—	​	4
Boeing 737-800	​	3	​	7	​	10	​	11	​	6	​	48	​	85
Boeing 737-8 MAX		—	​	—	​	—	​	—	​	1	​	14		15
Boeing 777-200ER	​	—	​	—	​	1	​	—	​	—	​	—	​	1
Boeing 777-300ER		—	​	2	​	4	​	4	​	3	​	11		24
Boeing 787-9	​	—	​	—	​	—	​	—	​	—	​	23	​	23
Boeing 787-10	​	—	​	—	​	—	​	—	​	—	​	4	​	4
Embraer E190	​	1	​	—	​	—	​	—	​	—	​	—	​	1
Total		10		19		22		30		21		188		290

​

X

- Definition

The entire disclosure for lessor's operating leases.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 10
-Section 55
-Paragraph 40
-Subparagraph Note 1
-URI http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-SubTopic 10
-Section 55
-Paragraph 40
-Subparagraph Note 3
-URI http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 30
-URI http://asc.fasb.org/subtopic&trid=77888252

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