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Net Investment in Sales-type Leases
 9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Net Investment in Sales-type Leases Net Investment in Sales-type Leases
As of September 30, 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 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 as of September 30, 2025:

September 30, 2025
(in thousands)
Future minimum lease payments to be received$371,207 
Estimated residual values of leased flight equipment161,691 
Less: Unearned income(63,786)
Net Investment in Sales-type Leases$469,112 
As of September 30, 2025, future minimum lease payments to be received on sales-type leases were as follows:

Years ending December 31,(in thousands)
2025 (excluding the nine months ended September 30, 2025)
$10,972 
202643,887 
202743,887 
202843,887 
202943,887 
Thereafter184,687 
Total$371,207