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Net Investment in Sales-type Leases
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Net Investment in Sales-type Leases Net Investment in Sales-type Leases
As of June 30, 2024 and December 31, 2023, the Company had sales-type leases for 13 aircraft and 12 aircraft in its owned fleet, respectively.

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):

June 30, 2024December 31, 2023
Future minimum lease payments to be received$306,646 $285,443 
Estimated residual values of leased flight equipment116,603 108,688 
Less: Unearned income(55,005)(53,412)
Net Investment in Sales-type Leases$368,244 $340,719 

As of June 30, 2024, future minimum lease payments to be received on sales-type leases were as follows:
(in thousands)
Years ending December 31,
2024 (excluding the six months ended June 30, 2024)
$17,010 
202534,022 
202634,022 
202734,022 
202834,022 
Thereafter153,548 
Total$306,646