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Reportable Segments
 12 Months Ended
Dec. 31, 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, the selective purchase and resale of commercial aircraft engines and other aircraft equipment, and service and maintenance 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 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):
For the year ended December 31, 2024Leasing and
Related Operations		Spare Parts SalesEliminationsTotal
Revenue:    
Lease rent revenue$238,236 $— $— $238,236 
Maintenance reserve revenue213,908 — — 213,908 
Spare parts and equipment sales1,640 25,459 — 27,099 
Interest revenue11,683 — — 11,683 
Gain on sale of leased equipment45,063 — — 45,063 
Maintenance services revenue24,158 — — 24,158 
Other revenue8,412 890 (226)9,076 
Total revenue543,100 26,349 (226)569,223 
Expenses:
Depreciation and amortization expense92,386 74 — 92,460 
Cost of spare parts and equipment sales197 22,655 — 22,852 
Cost of maintenance services 24,470 — — 24,470 
Write-down of equipment11,228 — — 11,228 
General and administrative141,199 5,558 — 146,757 
Technical expense22,294 — — 22,294 
Net finance costs:
Interest expense104,764 — — 104,764 
Total net finance costs104,764 — — 104,764 
Total expenses396,538 28,287 — 424,825 
Income from operations$146,562 $(1,938)$(226)$144,398 
For the Year ended December 31, 2023Leasing and
Related Operations		Spare Parts SalesEliminationsTotal
Revenue:   
Lease rent revenue$213,138 $— $— $213,138 
Maintenance reserve revenue133,668 — — 133,668 
Spare parts and equipment sales476 19,883 — 20,359 
Interest revenue8,721 — — 8,721 
Gain on sale of leased equipment10,581 — — 10,581 
Maintenance services revenue24,168 — — 24,168 
Other revenue7,442 689 (211)7,920 
Total revenue398,194 20,572 (211)418,555 
Expenses:
Depreciation and amortization expense90,834 91 — 90,925 
Cost of spare parts and equipment sales56 15,151 — 15,207 
Cost of maintenance services21,159 — — 21,159 
Write-down of equipment4,398 — — 4,398 
General and administrative110,819 4,921 — 115,740 
Technical expense28,109 — — 28,109 
Net finance costs:
Interest expense78,795 — — 78,795 
Total net finance costs78,795 — — 78,795 
Total expenses334,170 20,163 — 354,333 
Income from operations$64,024 $409 $(211)$64,222 
Leasing and Related OperationsSpare Parts SalesEliminationsTotal
Total assets as of December 31, 2024$3,219,856 $77,340 $— $3,297,196 
Total assets as of December 31, 2023$2,602,907 $49,437 $— $2,652,344