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Equipment Held for Operating Lease (Tables) | 12 Months Ended
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Dec. 31, 2022
Leases [Abstract] |
Schedule of carrying amounts of assets subject to leases | The following table disaggregates equipment held for operating lease by asset class (in thousands):
| As of December 31,
| 2022 |  | 2021
| Gross value | Accumulated depreciation | Net book value |  | Gross value | Accumulated depreciation | Net book value
| (in thousands)
Engines and related equipment | $ | 2,491,448 |  | $ | (525,172) |  | $ | 1,966,276 |  |  | $ | 2,368,496 |  | $ | (515,442) |  | $ | 1,853,054 |
Aircraft and airframes | 150,089 |  | (15,543) |  | 134,546 |  |  | 134,370 |  | (7,790) |  | 126,580 |
Marine vessel | 13,581 |  | (2,468) |  | 11,113 |  |  | 13,470 |  | (1,736) |  | 11,734 |
| $ | 2,655,118 |  | $ | (543,183) |  | $ | 2,111,935 |  |  | $ | 2,516,336 |  | $ | (524,968) |  | $ | 1,991,368 |
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 |  | 2022 |  | 2021
Region |  | (in thousands)
United States |  | $ | 64,767 |  |  | $ | 61,947 |
Asia-Pacific |  | 40,270 |  |  | 27,117 |
Europe |  | 35,621 |  |  | 29,769 |
South America |  | 12,246 |  |  | 11,338 |
Canada |  | 5,083 |  |  | 1,245 |
Central America |  | 3,391 |  |  | 2,461 |
Middle East |  | 1,193 |  |  | 954 |
Totals |  | $ | 162,571 |  |  | $ | 134,831 |
Schedule of lease status of the equipment held for operating lease |
|  | As of December 31,
Net book value of equipment held for operating lease |  | 2022 |  | 2021
Region |  | (in thousands)
Asia-Pacific |  | $ | 485,737 |  |  | $ | 371,554 |
United States |  | 471,184 |  |  | 425,822 |
Europe |  | 353,661 |  |  | 474,198 |
South America |  | 141,145 |  |  | 111,941 |
Central America |  | 130,187 |  |  | 163,526 |
Canada |  | 69,030 |  |  | 55,109 |
Middle East |  | 42,853 |  |  | 22,320 |
Off-lease |  | 418,138 |  |  | 366,898 |
Totals |  | $ | 2,111,935 |  |  | $ | 1,991,368 |
As of December 31, 2022, the lease status of the equipment held for operating lease (in thousands) was as follows:
Lease Term |  | Net Book Value
Off-lease and other |  | $ | 418,138 |
Month-to-month leases |  | 400,293 |
Leases expiring 2023 |  | 665,055 |
Leases expiring 2024 |  | 156,784 |
Leases expiring 2025 |  | 89,600 |
Leases expiring 2026 |  | 92,682 |
Leases expiring 2027 |  | 85,708 |
Leases expiring thereafter |  | 203,675 |
|  | $ | 2,111,935 |
Schedule of minimum future payments under non-cancelable leases | As of December 31, 2022, minimum future payments under non-cancelable leases were as follows:
Year |  | (in thousands)
2023 |  | $ | 146,842 |
2024 |  | 66,513 |
2025 |  | 52,000 |
2026 |  | 39,410 |
2027 |  | 27,763 |
Thereafter |  | 35,708 |
|  | $ | 368,236 |

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