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Reportable Segments
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
The Company has two reportable segments: (i) Leasing and Related Operations, which involves acquiring and leasing, primarily pursuant to operating leases, commercial aircraft, aircraft engines, and other aircraft equipment, and the selective purchase and resale of commercial aircraft engines and other aircraft equipment, and other related businesses and (ii) Spare Parts Sales, which involves the purchase and resale of after-market engine parts, whole engines, engine modules, and portable aircraft components.

The Company’s Chief Operating Decision Maker (“CODM”) is Austin Willis, Chief Executive Officer. The CODM evaluates the performance of and allocation of resources to each of the segments based on income or loss from operations. While the Company believes there are synergies between the two business segments, the segments are managed separately because each requires different business strategies.
The following tables present a summary of the reportable segments (in thousands):
Three months ended June 30, 2024Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Revenue:
Lease rent revenue$55,866 $— $— $55,866 
Maintenance reserve revenue62,897 — — 62,897 
Spare parts and equipment sales209 5,977 — 6,186 
Interest revenue2,284 — — 2,284 
Gain on sale of leased equipment14,428 — — 14,428 
Maintenance services revenue6,781 — — 6,781 
Other revenue2,598 139 (59)2,678 
Total revenue145,063 6,116 (59)151,120 
Expenses:
Depreciation and amortization expense22,148 19 — 22,167 
Cost of spare parts and equipment sales21 5,416 — 5,437 
Cost of maintenance services5,671 — — 5,671 
General and administrative34,035 652 — 34,687 
Technical expense4,518 — — 4,518 
Net finance costs:— 
Interest expense24,562 — — 24,562 
Total finance costs24,562 — — 24,562 
Total expenses90,955 6,087 — 97,042 
Income from operations$54,108 $29 $(59)$54,078 
Three months ended June 30, 2023Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Revenue:
Lease rent revenue$54,416 $— $— $54,416 
Maintenance reserve revenue35,415 — — 35,415 
Spare parts and equipment sales254 4,296 — 4,550 
Interest revenue2,258 — — 2,258 
Gain on sale of leased equipment4,461 — — 4,461 
Maintenance services revenue5,849 — — 5,849 
Other revenue1,888 228 (69)2,047 
Total revenue104,541 4,524 (69)108,996 
Expenses:
Depreciation and amortization expense22,472 22 — 22,494 
Cost of spare parts and equipment sales43 3,015 — 3,058 
Cost of maintenance services4,843 — — 4,843 
Write-down of equipment1,671 — — 1,671 
General and administrative30,706 1,021 — 31,727 
Technical expense6,676 — — 6,676 
Net finance costs:
Interest expense19,085 — — 19,085 
Total finance costs19,085 — — 19,085 
Total expenses85,496 4,058 — 89,554 
Income from operations$19,045 $466 $(69)$19,442 
Six months ended June 30, 2024Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Revenue:
Lease rent revenue$108,747 $— $— $108,747 
Maintenance reserve revenue106,767 — — 106,767 
Spare parts and equipment sales293 9,181 — 9,474 
Interest revenue4,553 — — 4,553 
Gain on sale of leased equipment23,629 — — 23,629 
Maintenance services revenue12,008 — — 12,008 
Other revenue4,742 380 (97)5,025 
Total revenue260,739 9,561 (97)270,203 
Expenses:
Depreciation and amortization expense44,616 37 — 44,653 
Cost of spare parts and equipment sales30 8,112 — 8,142 
Cost of maintenance services11,245 — — 11,245 
Write-down of equipment261 — — 261 
General and administrative62,221 2,047 — 64,268 
Technical expense12,773 — — 12,773 
Net finance costs:
Interest expense47,565 — — 47,565 
Total finance costs47,565 — — 47,565 
Total expenses178,711 10,196 — 188,907 
Income (loss) from operations$82,028 $(635)$(97)$81,296 
Six months ended June 30, 2023Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Revenue:
Lease rent revenue$107,636 $— $— $107,636 
Maintenance reserve revenue58,913 — — 58,913 
Spare parts and equipment sales309 9,293 — 9,602 
Interest revenue4,304 — — 4,304 
Gain on sale of leased equipment4,328 — — 4,328 
Maintenance services revenue10,508 — — 10,508 
Other revenue3,017 326 (103)3,240 
Total revenue189,015 9,619 (103)198,531 
Expenses:
Depreciation and amortization expense44,989 54 — 45,043 
Cost of spare parts and equipment sales51 7,506 — 7,557 
Cost of maintenance services8,770 — — 8,770 
Write-down of equipment1,671 — — 1,671 
General and administrative57,496 2,062 — 59,558 
Technical expense11,018 — — 11,018 
Net finance costs:
Interest expense37,474 — — 37,474 
Total finance costs37,474 — — 37,474 
Total expenses161,469 9,622 — 171,091 
Income (loss) from operations$27,546 $(3)$(103)$27,440 
Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Total assets as of June 30, 2024$2,836,303 $85,353 $— $2,921,656 
Total assets as of December 31, 2023$2,602,907 $49,437 $— $2,652,344