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Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of the Reportable Segments

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

For the year ended December 31, 2023						Leasing and Related Operations						Spare Parts Sales						Eliminations						Total
Revenue:
Lease rent revenue						$	213,138					$	—					$	—					$	213,138
Maintenance reserve revenue						133,668						—						—						133,668
Spare parts and equipment sales						476						19,883						—						20,359
Interest income						8,721						—						—						8,721
Gain on sale of leased equipment						10,581						—						—						10,581
Other revenue						31,610						689						(211)						32,088
Total revenue						398,194						20,572						(211)						418,555
Expenses:
Depreciation and amortization expense						90,834						91						—						90,925
Cost of spare parts and equipment sales						56						15,151						—						15,207
Write-down of equipment						4,398						—						—						4,398
General and administrative						139,867						4,921						—						144,788
Technical expense						20,220						—						—						20,220
Net finance costs:
Interest expense						78,795						—						—						78,795
Total finance costs						78,795						—						—						78,795
Total expenses						334,170						20,163						—						354,333
Income from operations						$	64,024					$	409					$	(211)					$	64,222

For the Year ended December 31, 2022						Leasing and Related Operations						Spare Parts Sales						Eliminations						Total
Revenue:
Lease rent revenue						$	162,571					$	—					$	—					$	162,571
Maintenance reserve revenue						83,424						—						—						83,424
Spare parts and equipment sales						1,595						25,414						—						27,009
Interest income						7,579						—						—						7,579
Gain on sale of leased equipment						3,133						—						—						3,133
Gain on sale of financial assets						3,116						—						—						3,116
Other revenue						24,607						673						(185)						25,095
Total revenue						286,025						26,087						(185)						311,927
Expenses:
Depreciation and amortization expense						88,124						136						—						88,260
Cost of spare parts and equipment sales						96						20,737						—						20,833
Write-down of equipment						21,849						—						—						21,849
General and administrative						87,996						4,534						—						92,530
Technical expense						14,415						—						—						14,415
Net finance costs:
Interest expense						66,743						—						—						66,743
Gain on debt extinguishment						(2,558)						—						—						(2,558)
Total finance costs						64,185						—						—						64,185
Total expenses						276,665						25,407						—						302,072
Income from operations						$	9,360					$	680					$	(185)					$	9,855

						Leasing and Related Operations						Spare Parts Sales						Eliminations						Total
Total assets as of December 31, 2023						$	2,602,907					$	49,437					$	—					$	2,652,344
Total assets as of December 31, 2022						$	2,530,130					$	45,087					$	—					$	2,575,217

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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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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