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Flight Equipment Held for Sale
12 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Flight Equipment Held for Sale Flight Equipment Held for Sale
As of December 31, 2023, the Company had 14 aircraft, with a net book value of $605.1 million, which were held for sale and included in Other assets on the Consolidated Balance Sheets. The Company expects the sale of the majority of the 14 aircraft to be completed in 2024. As of December 31, 2023, the Company held an aggregate of $305.8 million in purchase deposits pursuant to sale agreements related to six of the 14 aircraft, which amount is included in Accrued interest and other payables on the Consolidated Balance Sheets

During the year ended December 31, 2023, the Company completed the sale of 25 aircraft from its held for sale portfolio. The Company ceases recognition of depreciation expense once an aircraft is classified as held for sale. As of December 31, 2022, the Company had four aircraft, with a carrying value of $153.5 million, which were held for sale and included in Flight equipment subject to operating leases on the Consolidated Balance Sheets.