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Net Investment in Sales-type Lease

12 Months Ended

Dec. 31, 2023

As of December 31, 2023, the Company had sales-type leases for 12 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):


	December 31, 2023
Future minimum lease payments to be received	$	285,443
Estimated residual values of leased flight equipment	$	108,688
Less: Unearned income	$	(53,412)
Net Investment in Sales-type Lease	$	340,719

As of December 31, 2023, future minimum lease payments to be received on sales-type leases were as follows:


	(in thousands)
Years ending December 31,
2024	30,881
2025	30,881
2026	30,881
2027	30,881
2028	30,881
Thereafter	131,038
Total	$	285,443