XML 36 R21.htm IDEA: XBRL DOCUMENT

Net Investment in Sales-type Leases

3 Months Ended

Mar. 31, 2025

As of March 31, 2025, the Company had sales-type leases for 16 aircraft and one engine. As of December 31, 2024, the Company had sales-type leases for 15 aircraft and one engine.

Net investment in sales-type leases is 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:


	March 31, 2025
	(in thousands)
Future minimum lease payments to be received	$	393,151
Estimated residual values of leased flight equipment	147,944
Less: Unearned income	(69,449)
Net Investment in Sales-type Leases	$	471,646

As of March 31, 2025, future minimum lease payments to be received on sales-type leases were as follows:


	(in thousands)
Years ending December 31,
2025 (excluding the three months ended March 31, 2025)	$	32,915
2026	43,887
2027	43,887
2028	43,887
2029	43,887
Thereafter	184,688
Total	$	393,151