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Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Summary of the reportable segments

The following tables present a summary of the reportable segments (in thousands):

For the year ended December 31, 2020						Leasing and Related Operations						Spare Parts Sales						Eliminations (1)						Total
Revenue:
Lease rent revenue						$	142,895					$	—					$	—					$	142,895
Maintenance reserve revenue						105,365						—						—						105,365
Spare parts and equipment sales						1,514						17,514						(403)						18,625
Gain on sale of leased equipment						3,391						—						—						3,391
Other revenue						18,404						327						(315)						18,416
Total revenue						271,569						17,841						(718)						288,692
Expenses:
Depreciation and amortization expense						94,442						99						—						94,541
Cost of spare parts and equipment sales						156						16,606						—						16,762
Write-down of equipment						20,540						—						—						20,540
General and administrative						63,993						3,514						403						67,910
Technical expense						6,533						—						—						6,533
Net finance costs:
Interest expense						63,024						—						—						63,024
Loss on debt extinguishment						4,688						—						—						4,688
Total finance costs						67,712						—						—						67,712
Total expenses						253,376						20,219						403						273,998
Earnings (loss) from operations						$	18,193					$	(2,378)					$	(1,121)					$	14,694

For the Year ended December 31, 2019						Leasing and Related Operations						Spare Parts Sales						Eliminations (1)						Total
Revenue:
Lease rent revenue						$	190,690					$	—					$	—					$	190,690
Maintenance reserve revenue						108,998						—						—						108,998
Spare parts and equipment sales						18,684						55,967						—						74,651
Gain on sale of leased equipment						20,044						—						—						20,044
Other revenue						14,738						277						(238)						14,777
Total revenue						353,154						56,244						(238)						409,160
Expenses:
Depreciation and amortization expense						86,159						77						—						86,236
Cost of spare parts and equipment sales						15,241						47,406						—						62,647
Write-down of equipment						18,220						—						—						18,220
General and administrative						81,302						5,221						—						86,523
Technical expense						8,122						—						—						8,122
Net finance costs:
Interest expense						66,889						—						—						66,889
Loss on debt extinguishment						220																		220
Total finance costs						67,109						—						—						67,109
Total expenses						276,153						52,704						—						328,857
Earnings from operations						$	77,001					$	3,540					$	(238)					$	80,303

________________________

(1)    Represents revenue generated between our operating segments.

						Leasing and Related Operations						Spare Parts Sales						Eliminations						Total
Total assets as of December 31, 2020						$	2,312,172					$	52,776					$	—					$	2,364,948
Total assets as of December 31, 2019						$	1,898,313					$	42,295					$	—					$	1,940,608

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

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