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Subsequent Events | 6 Months Ended
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Jun. 30, 2025
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events Subsequent to June 30, 2025, the Plaintiffs entered into settlement agreements with the final war risk C&P Insurer and certain all risk C&P Insurers, pursuant to which they have received or are entitled to receive an aggregate of $58.8 million in cash insurance settlement proceeds, which will be recognized under Recoveries of Russian fleet write-off in the Company’s consolidated statement of income and comprehensive income in the third quarter of 2025. For more information, see Note 4. Flight equipment subject to operating lease. On July 4, 2025, the 2025 budget reconciliation bill, commonly referred to as the One Big Beautiful Bill Act of 2025 (the “Act”) was enacted into law. This new legislation introduces an increased tax deduction for interest expense and a 100% bonus depreciation on U.S. leased assets. While the Company is still in the process of evaluating these changes, the Company does not anticipate a significant impact on its effective tax rate. On July 30, 2025, the Company’s board of directors approved quarterly cash dividends for the Company’s Class A common stock and Series B, Series C and Series D preferred stock. The following table summarizes the details of the dividends that were declared:
Title of each class |  | Cash dividend per share |  | Record Date |  | Payment Date
Class A Common Stock |  | $ | 0.22 |  |  | September 3, 2025 |  | October 8, 2025
Series B Preferred Stock |  | $ | 11.625 |  |  | August 31, 2025 |  | September 15, 2025
Series C Preferred Stock |  | $ | 10.3125 |  |  | August 31, 2025 |  | September 15, 2025
Series D Preferred Stock |  | $ | 15.00 |  |  | August 31, 2025 |  | September 15, 2025

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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