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Flight Equipment Held for Sale | 6 Months Ended
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Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Flight Equipment Held for Sale | Flight Equipment Held for Sale As of June 30, 2025, the Company had 16 aircraft, with a carrying value of $524.1 million, which were classified as held for sale on the Consolidated Balance Sheets. The Company expects that the majority of the 16 aircraft currently classified as flight equipment held for sale will be sold during 2025. As of June 30, 2025, the Company had an aggregate of $255.9 million in purchase deposits pursuant to sale agreements related to six of the 16 aircraft, which amount is included in Accrued interest and other payables on the Consolidated Balance Sheets. As of December 31, 2024, the Company had 30 aircraft, with a carrying value of $951.2 million, which were classified as held for sale. During the six months ended June 30, 2025, the Company transferred six aircraft from flight equipment subject to operating lease to flight equipment held for sale and completed the sale of 20 aircraft from its held for sale portfolio. The Company ceases recognition of depreciation expense once an aircraft is classified as held for sale. The following table summarizes the activities of the Company’s flight equipment held for sale for the six months ended June 30, 2025 based on carrying value:
| (in thousands)
Flight equipment held for sale as of December 31, 2024 | $ | 951,181 |
Flight equipment subject to operating leases reclassified to flight equipment held for sale | 140,253 |
Aircraft sales | (567,293) |
Flight equipment held for sale as of June 30, 2025 | $ | 524,141 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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