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Net Investment in Sales-type Leases
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
Net Investment in Sales-type Leases Net Investment in Sales-type Leases
As of June 30, 2022, the Company had five A320-200 aircraft on lease to an airline with terms that meet the criteria of being classified as a sales-type lease.

Net investment in sales-type leases was included in Other assets in the Company’s Consolidated Balance Sheets based on the present value of fixed payments under the contract and the residual value of the underlying asset, discounted at the rate implicit in the lease. The Company’s investment in sales-type leases consisted of the following (in thousands):

June 30, 2022
Future minimum lease payments to be received$121,360 
Estimated residual values of leased flight equipment45,844 
Less: Unearned income(26,113)
Net Investment in Sales-type Leases$141,091 

As of June 30, 2022, future minimum lease payments to be received on sales-type leases were as follows:

(in thousands)
Years ending December 31,
2022 (excluding the six months ended June 30, 2022)
$6,150 
202312,300 
202412,300 
202512,300 
202612,300 
Thereafter66,010 
Total$121,360