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Equipment Held for Operating Lease (Tables)
12 Months Ended
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 revenue20202019
Region(in thousands)
Europe$57,972 $84,335 
United States33,291 39,178 
Asia32,198 42,127 
South America11,686 10,030 
Mexico3,670 5,284 
Middle East2,067 4,117 
Canada2,011 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 lease20202019
Region(in thousands)
Europe$460,664 $554,529 
United States362,471 240,454 
Asia324,946 427,246 
Mexico168,593 51,573 
South America104,671 110,563 
Middle East47,899 26,732 
Canada8,500 22,640 
Africa— 2,597 
Off-lease and other408,869 214,584 
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 TermNet Book Value
Off-lease and other$408,869 
Month-to-month leases339,868 
Leases expiring 2021208,302 
Leases expiring 2022526,244 
Leases expiring 2023252,186 
Leases expiring 202478,496 
Leases expiring 202544,430 
Leases expiring thereafter28,218 
$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 
202275,835 
202328,452 
202415,091 
20255,647 
Thereafter8,002 
$253,420