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Net Investment in Sales-type Leases
 9 Months Ended
Sep. 30, 2023
Leases [Abstract]  
Net Investment in Sales-type Leases Net Investment in Sales-type Leases
As of September 30, 2023, the Company had sales-type leases for 11 aircraft in its owned fleet.

Net investment in sales-type leases are 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):

September 30, 2023
Future minimum lease payments to be received$256,029 
Estimated residual values of leased flight equipment100,188 
Less: Unearned income(48,444)
Net Investment in Sales-type Leases$307,773 

As of September 30, 2023, future minimum lease payments to be received on sales-type leases were as follows (in thousands):
Years ending December 31,
2023 (excluding the nine months ended September 30, 2023)
$6,947 
202427,786 
202527,786 
202627,786 
202727,786 
Thereafter137,938 
Total$256,029