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Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Summary of the reportable segments

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

Three Months Ended March 31, 2022						Leasing and  Related Operations						Spare Parts Sales						Eliminations						Total
Revenue:
Lease rent revenue						$	38,125					$	—					$	—					$	38,125
Maintenance reserve revenue						14,834						—						—						14,834
Spare parts and equipment sales						202						6,428						—						6,630
Gain on sale of leased equipment						2,298						—						—						2,298
Other revenue						6,812						176						(58)						6,930
Total revenue						62,271						6,604						(58)						68,817
Expenses:
Depreciation and amortization expense						21,782						27						—						21,809
Cost of spare parts and equipment sales						6						4,856						—						4,862
Write-down of equipment						21,117						—						—						21,117
General and administrative						22,806						799						—						23,605
Technical expense						5,646						—						—						5,646
Net finance costs:
Interest expense						16,883						—						—						16,883
Total finance costs						16,883						—						—						16,883
Total expenses						88,240						5,682						—						93,922
(Loss) earnings from operations						$	(25,969)					$	922					$	(58)					$	(25,105)

Three Months Ended March 31, 2021						Leasing and  Related Operations						Spare Parts Sales						Eliminations						Total
Revenue:
Lease rent revenue						$	31,520					$	—					$	—					$	31,520
Maintenance reserve revenue						19,812						—						—						19,812
Spare parts and equipment sales						85						4,591						(110)						4,566
Other revenue						5,206						56						(35)						5,227
Total revenue						56,623						4,647						(145)						61,125
Expenses:
Depreciation and amortization expense						24,112						29						—						24,141
Cost of spare parts and equipment sales						6						3,817						(14)						3,809
Write-down of equipment						1,867						—						—						1,867
General and administrative						15,557						484						110						16,151
Technical expense						1,310						—						—						1,310
Net finance costs:
Interest expense						15,019						—						—						15,019
Total finance costs						15,019						—						—						15,019
Total expenses						57,871						4,330						96						62,297
(Loss) earnings loss from operations						$	(1,248)					$	317					$	(241)					$	(1,172)

						Leasing and  Related Operations						Spare Parts Sales						Eliminations						Total
Total assets as of March 31, 2022						$	2,375,485					$	54,441					$	—					$	2,429,926
Total assets as of December 31, 2021						$	2,415,635					$	47,292					$	—					$	2,462,927

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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=123359005&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
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&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=123359005&loc=d3e8906-108599

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- References

No definition available.

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