XML 55 R33.htm IDEA: XBRL DOCUMENT v3.24.0.1

Concentration of Risk (Tables)

12 Months Ended

Dec. 31, 2023

Risks and Uncertainties [Abstract]

Schedule of Concentration of Risk by Regions

The following table sets forth the regional concentration based on each airline's principal place of business of the Company’s flight equipment subject to operating leases based on net book value as of December 31, 2023 and 2022:

						December 31, 2023												December 31, 2022
Region						Net Book Value						% of Total						Net Book Value						% of Total
						(in thousands, except percentages)
Asia Pacific						$	10,456,435					39.8		%				$	10,818,250					44.1		%
Europe						9,881,024						37.7		%				7,985,317						32.5		%
Central America, South America, and Mexico						2,361,089						9.0		%				1,924,216						7.8		%
The Middle East and Africa						2,062,420						7.9		%				2,253,342						9.3		%
U.S. and Canada						1,470,240						5.6		%				1,557,260						6.3		%
Total(1)						$	26,231,208					100.0		%				$	24,538,385					100.0		%
(1) As of December 31, 2022, we had four aircraft classified as held for sale with a carrying value of $153.5 million included in the table above.

At December 31, 2023 and 2022, the Company owned and managed leased aircraft to customers in the following regions based on each airline's principal place of business:

						December 31, 2023												December 31, 2022
Region						Number of Customers(1)						% of Total						Number of Customers(1)						% of Total
Europe						50						42.0		%				49						41.9		%
Asia Pacific						34						28.6		%				34						29.0		%
The Middle East and Africa						15						12.6		%				14						12.0		%
U.S. and Canada						12						10.1		%				13						11.1		%
Central America, South America and Mexico						8						6.7		%				7						6.0		%
Total						119						100.0		%				117						100.0		%
(1) A customer is an airline with its own operating certificate.

Schedule of Rental of Flight Equipment Revenues from Flight Equipment Subject to Operating Leases

The following table sets forth the dollar amount and percentage of the Company’s Rental of flight equipment revenues from its flight equipment subject to operating leases attributable to the indicated regions based on each airline’s principal place of business:

						Year Ended December 31, 2023												Year Ended December 31, 2022												Year Ended December 31, 2021
Region						Amount of Rental Revenue						% of Total						Amount of Rental Revenue						% of Total						Amount of Rental Revenue						% of Total
						(in thousands, except percentages)
Asia Pacific						$	1,156,837					46.7		%				$	1,067,270					48.2		%				$	992,849					49.6		%
Europe						769,407						31.1		%				611,091						27.6		%				564,479						28.2		%
The Middle East and Africa						262,554						10.6		%				251,243						11.3		%				210,977						10.5		%
Central America, South America and Mexico						156,275						6.3		%				141,638						6.4		%				104,315						5.2		%
U.S. and Canada						132,534						5.3		%				143,266						6.5		%				130,717						6.5		%
Total						$	2,477,607					100.0		%				$	2,214,508					100.0		%				$	2,003,337					100.0		%

X

- References

No definition available.

+ Details

Name:	us-gaap_RisksAndUncertaintiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-21

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-20

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482861/275-10-50-18

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482861/275-10-50-20

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 16
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482861/275-10-50-16

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482861/275-10-50-21

+ Details

Name:	us-gaap_SchedulesOfConcentrationOfRiskByRiskFactorTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration