XML 61 R51.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Reportable Segments (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
USD ($)
segment
Mar. 31, 2023
USD ($)
Dec. 31, 2023
USD ($)
Reportable Segments      
Number of reportable segments | segment 2    
Number of operating segments | segment 2    
Revenue:      
Other sales and revenue   $ 4,659  
Interest revenue $ 2,269 2,046  
Gain (loss) on sale of leased equipment 9,201 (133)  
Total revenue 119,083 89,535  
Expenses:      
Depreciation and amortization expense 22,486 22,549  
Cost of spare parts and equipment sales 2,705 4,499  
Cost of maintenance services 5,574 3,927  
Write-down of equipment 261 0  
General and administrative 29,581 27,831  
Technical expense 8,255 4,342  
Interest expense 23,003 18,389  
Total finance costs 23,003 18,389  
Total expenses 91,865 81,537  
Income (loss) from operations 27,218 7,998  
Total assets [1] 2,674,462   $ 2,652,344
Operating Segments | Leasing and  Related Operations      
Revenue:      
Other sales and revenue   4,659  
Interest revenue 2,269 2,046  
Gain (loss) on sale of leased equipment 9,201 (133)  
Total revenue 115,676 84,474  
Expenses:      
Depreciation and amortization expense 22,468 22,517  
Cost of spare parts and equipment sales 9 8  
Cost of maintenance services 5,574 3,927  
Write-down of equipment 261    
General and administrative 28,186 26,791  
Technical expense 8,255 4,342  
Interest expense 23,003 18,389  
Total finance costs 23,003 18,389  
Total expenses 87,756 75,974  
Income (loss) from operations 27,920 8,500  
Total assets 2,583,678   2,602,907
Operating Segments | Spare Parts Sales      
Revenue:      
Other sales and revenue   0  
Interest revenue 0 0  
Gain (loss) on sale of leased equipment 0 0  
Total revenue 3,445 5,095  
Expenses:      
Depreciation and amortization expense 18 32  
Cost of spare parts and equipment sales 2,696 4,491  
Cost of maintenance services 0 0  
Write-down of equipment 0    
General and administrative 1,395 1,040  
Technical expense 0 0  
Interest expense 0 0  
Total finance costs 0 0  
Total expenses 4,109 5,563  
Income (loss) from operations (664) (468)  
Total assets 90,784   49,437
Intersegment Eliminations [Member]      
Revenue:      
Other sales and revenue   0  
Interest revenue 0 0  
Gain (loss) on sale of leased equipment 0 0  
Total revenue (38) (34)  
Expenses:      
Depreciation and amortization expense 0 0  
Cost of spare parts and equipment sales 0 0  
Cost of maintenance services 0 0  
Write-down of equipment 0    
General and administrative 0 0  
Technical expense 0 0  
Interest expense 0 0  
Total finance costs 0 0  
Total expenses 0 0  
Income (loss) from operations (38) (34)  
Total assets 0   $ 0
Lease rent revenue      
Revenue:      
Lease rent and maintenance reserve revenue 52,881 53,220  
Lease rent revenue | Operating Segments | Leasing and  Related Operations      
Revenue:      
Lease rent and maintenance reserve revenue 52,881 53,220  
Lease rent revenue | Operating Segments | Spare Parts Sales      
Revenue:      
Lease rent and maintenance reserve revenue 0 0  
Lease rent revenue | Intersegment Eliminations [Member]      
Revenue:      
Lease rent and maintenance reserve revenue 0 0  
Maintenance reserve revenue      
Revenue:      
Lease rent and maintenance reserve revenue 43,870 23,498  
Maintenance reserve revenue | Operating Segments | Leasing and  Related Operations      
Revenue:      
Lease rent and maintenance reserve revenue 43,870 23,498  
Maintenance reserve revenue | Operating Segments | Spare Parts Sales      
Revenue:      
Lease rent and maintenance reserve revenue 0 0  
Maintenance reserve revenue | Intersegment Eliminations [Member]      
Revenue:      
Lease rent and maintenance reserve revenue 0 0  
Spare parts and equipment sales      
Revenue:      
Other sales and revenue 3,288 5,052  
Spare parts and equipment sales | Operating Segments | Leasing and  Related Operations      
Revenue:      
Other sales and revenue 84 55  
Spare parts and equipment sales | Operating Segments | Spare Parts Sales      
Revenue:      
Other sales and revenue 3,204 4,997  
Spare parts and equipment sales | Intersegment Eliminations [Member]      
Revenue:      
Other sales and revenue 0 0  
Maintenance Services      
Revenue:      
Other sales and revenue 5,227 4,659  
Maintenance Services | Operating Segments | Leasing and  Related Operations      
Revenue:      
Other sales and revenue 5,227    
Maintenance Services | Operating Segments | Spare Parts Sales      
Revenue:      
Other sales and revenue 0    
Maintenance Services | Intersegment Eliminations [Member]      
Revenue:      
Other sales and revenue 0    
Other revenue      
Revenue:      
Other sales and revenue 2,347 1,193  
Other revenue | Operating Segments | Leasing and  Related Operations      
Revenue:      
Other sales and revenue 2,144 1,129  
Other revenue | Operating Segments | Spare Parts Sales      
Revenue:      
Other sales and revenue 241 98  
Other revenue | Intersegment Eliminations [Member]      
Revenue:      
Other sales and revenue $ (38) $ (34)  
[1] Total assets at March 31, 2024 and December 31, 2023, include the following assets of variable interest entities (“VIEs”) that can only be used to settle the liabilities of the VIEs: Restricted cash $86,620 and $160,958; Equipment $1,500,893 and $1,518,050; Maintenance Rights $7,806 and $7,806; Notes receivable $90,756 and $91,960; Investments in sales-type leases $28,143 and $3,564; and Other assets $14,444 and $13,339 (each respectively).