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Net Investment in Sales-type Leases
 9 Months Ended
Sep. 30, 2024
Leases [Abstract]  
Net Investment in Sales-type Leases Net Investment in Sales-type Leases
As of September 30, 2024, the Company had sales-type leases for 14 aircraft and one engine. 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):

September 30, 2024December 31, 2023
Future minimum lease payments to be received$341,757 $285,443 
Estimated residual values of leased flight equipment135,758 108,688 
Less: Unearned income(62,959)(53,412)
Net Investment in Sales-type Leases$414,556 $340,719 

As of September 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 nine months ended September 30, 2024)
$9,481 
202537,924 
202637,924 
202737,924 
202837,924 
Thereafter180,580 
Total$341,757