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Equipment Held for Operating Lease (Tables) | 12 Months Ended
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Dec. 31, 2020
Leases [Abstract] |
Schedule of geographic information about the entity's leased aircraft equipment grouped by domicile of the lessee | The tables below set forth geographic information about the leased equipment grouped by domicile of the lessee (which is not necessarily indicative of the asset’s actual location):
|  | Years Ended December 31,
Lease rent revenue |  | 2020 |  | 2019
Region |  | (in thousands)
Europe |  | $ | 57,972 |  |  | $ | 84,335 |
United States |  | 33,291 |  |  | 39,178 |
Asia |  | 32,198 |  |  | 42,127 |
South America |  | 11,686 |  |  | 10,030 |
Mexico |  | 3,670 |  |  | 5,284 |
Middle East |  | 2,067 |  |  | 4,117 |
Canada |  | 2,011 |  |  | 3,279 |
Africa |  | — |  |  | 2,340 |
Totals |  | $ | 142,895 |  |  | $ | 190,690 |
Schedule of lease status of the equipment held for operating lease |
|  | As of December 31,
Net book value of equipment held for operating lease |  | 2020 |  | 2019
Region |  | (in thousands)
Europe |  | $ | 460,664 |  |  | $ | 554,529 |
United States |  | 362,471 |  |  | 240,454 |
Asia |  | 324,946 |  |  | 427,246 |
Mexico |  | 168,593 |  |  | 51,573 |
South America |  | 104,671 |  |  | 110,563 |
Middle East |  | 47,899 |  |  | 26,732 |
Canada |  | 8,500 |  |  | 22,640 |
Africa |  | — |  |  | 2,597 |
Off-lease and other |  | 408,869 |  |  | 214,584 |
Totals |  | $ | 1,886,613 |  |  | $ | 1,650,918 |
As of December 31, 2020, the lease status of the equipment held for operating lease (in thousands) was as follows:
Lease Term |  | Net Book Value
Off-lease and other |  | $ | 408,869 |
Month-to-month leases |  | 339,868 |
Leases expiring 2021 |  | 208,302 |
Leases expiring 2022 |  | 526,244 |
Leases expiring 2023 |  | 252,186 |
Leases expiring 2024 |  | 78,496 |
Leases expiring 2025 |  | 44,430 |
Leases expiring thereafter |  | 28,218 |
|  | $ | 1,886,613 |
Schedule of minimum future payments under non-cancelable leases | As of December 31, 2020, minimum future payments under non-cancelable leases were as follows:
Year |  | (in thousands)
2021 |  | $ | 120,393 |
2022 |  | 75,835 |
2023 |  | 28,452 |
2024 |  | 15,091 |
2025 |  | 5,647 |
Thereafter |  | 8,002 |
|  | $ | 253,420 |

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- Definition Tabular disclosure of maturity of undiscounted cash flows to be received by lessor on annual basis for operating lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121576215&loc=SL77919396-209981 + Details
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