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Reportable Segments
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
The Company has two reportable segments: (i) Leasing and Related Operations which involves acquiring and leasing, primarily pursuant to operating leases, commercial aircraft, aircraft engines and other aircraft equipment and the selective purchase and resale of commercial aircraft engines and other aircraft equipment and other related businesses and (ii) Spare Parts Sales which involves the purchase and resale of after-market engine parts, whole engines, engine modules and portable aircraft components.

The Company evaluates the performance of each of the segments based on profit or loss after general and administrative expenses. While the Company believes there are synergies between the two business segments, the segments are managed separately because each requires different business strategies.
The following tables present a summary of the reportable segments (in thousands):
Three Months Ended March 31, 2021Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Revenue:
Lease rent revenue$31,520 $— $— $31,520 
Maintenance reserve revenue19,812 — — 19,812 
Spare parts and equipment sales85 4,591 (110)4,566 
Other revenue5,206 56 (35)5,227 
Total revenue56,623 4,647 (145)61,125 
Expenses:
Depreciation and amortization expense24,112 29 — 24,141 
Cost of spare parts and equipment sales6 3,817 (14)3,809 
Write-down of equipment1,867 — — 1,867 
General and administrative15,557 484 110 16,151 
Technical expense1,310 — — 1,310 
Net finance costs:
Interest expense15,019 — — 15,019 
Total finance costs15,019 — — 15,019 
Total expenses57,871 4,330 96 62,297 
(Loss) earnings from operations$(1,248)$317 $(241)$(1,172)

Three Months Ended March 31, 2020Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Revenue:
Lease rent revenue$46,395 $— $— $46,395 
Maintenance reserve revenue20,528 — — 20,528 
Spare parts and equipment sales1,225 7,880 — 9,105 
Gain on sale of leased equipment2,067 — — 2,067 
Other revenue3,509 239 (234)3,514 
Total revenue73,724 8,119 (234)81,609 
Expenses:
Depreciation and amortization expense23,375 15 — 23,390 
Cost of spare parts and equipment sales148 6,540 — 6,688 
Write-down of equipment2,129 — — 2,129 
General and administrative18,542 1,025 — 19,567 
Technical expense1,127 — — 1,127 
Net finance costs:
Interest expense15,696 — — 15,696 
Loss on debt extinguishment4,688 — — 4,688 
Total finance costs20,384 — — 20,384 
Total expenses65,705 7,580 — 73,285 
Earnings (loss) from operations$8,019 $539 $(234)$8,324 
Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Total assets as of March 31, 2021$2,358,186 $51,488 $— $2,409,674 
Total assets as of December 31, 2020$2,312,172 $52,776 $— $2,364,948