XML 48 R23.htm IDEA: XBRL DOCUMENT v3.22.4
Net Investment in Sales-type Lease
 12 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Net Investment in Sales-type Lease Net Investment in Sales-type Lease
As of December 31, 2022, the Company had 10 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):

December 31, 2022
Future minimum lease payments to be received$236,775 
Estimated residual values of leased flight equipment$91,688 
Less: Unearned income$(45,786)
Net Investment in Sales-type Lease$282,677 
As of December 31, 2022, future minimum lease payments to be received on sales-type leases were as follows:

(in thousands)
Years ending December 31,
202324,600 
202424,600 
202524,600 
202624,600 
202724,600 
Thereafter113,775 
Total$236,775