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Equipment Held for Operating Lease (Tables) | 12 Months Ended
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Dec. 31, 2021
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 |  | 2021 |  | 2020
Region |  | (in thousands)
United States |  | $ | 61,947 |  |  | $ | 33,291 |
Europe |  | 30,299 |  |  | 57,972 |
Asia |  | 26,587 |  |  | 32,198 |
South America |  | 11,338 |  |  | 11,686 |
Mexico |  | 2,461 |  |  | 3,670 |
Canada |  | 1,245 |  |  | 2,011 |
Middle East |  | 954 |  |  | 2,067 |
Totals |  | $ | 134,831 |  |  | $ | 142,895 |
Schedule of lease status of the equipment held for operating lease |
|  | As of December 31,
Net book value of equipment held for operating lease |  | 2021 |  | 2020
Region |  | (in thousands)
Europe |  | $ | 479,921 |  |  | $ | 460,664 |
United States |  | 425,822 |  |  | 362,471 |
Asia |  | 365,831 |  |  | 324,946 |
Mexico |  | 163,526 |  |  | 168,593 |
South America |  | 111,941 |  |  | 104,671 |
Canada |  | 55,109 |  |  | 8,500 |
Middle East |  | 22,320 |  |  | 47,899 |
Off-lease and other |  | 366,898 |  |  | 408,869 |
Totals |  | $ | 1,991,368 |  |  | $ | 1,886,613 |
As of December 31, 2021, the lease status of the equipment held for operating lease (in thousands) was as follows:
Lease Term |  | Net Book Value
Off-lease and other |  | $ | 366,898 |
Month-to-month leases |  | 206,813 |
Leases expiring 2022 |  | 776,831 |
Leases expiring 2023 |  | 311,814 |
Leases expiring 2024 |  | 147,450 |
Leases expiring 2025 |  | 30,558 |
Leases expiring 2026 |  | 26,000 |
Leases expiring thereafter |  | 125,004 |
|  | $ | 1,991,368 |
Schedule of minimum future payments under non-cancelable leases | As of December 31, 2021, minimum future payments under non-cancelable leases were as follows:
Year |  | (in thousands)
2022 |  | $ | 111,643 |
2023 |  | 46,447 |
2024 |  | 22,412 |
2025 |  | 9,306 |
2026 |  | 6,177 |
Thereafter |  | 27,179 |
|  | $ | 223,164 |

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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=124258985&loc=SL77919396-209981 + Details
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