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Equipment Held for Operating Lease (Tables)
 12 Months Ended
Dec. 31, 2024
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,
20242023
Gross valueAccumulated depreciationNet book valueGross valueAccumulated depreciationNet book value
(in thousands)
Engines and related equipment$3,060,020 $(595,340)$2,464,680 $2,535,148 $(569,596)$1,965,552 
Aircraft and airframes174,642 (13,634)161,008 157,616 (21,409)136,207 
Marine vessel14,366 (4,144)10,222 14,366 (3,288)11,078 
$3,249,028 $(613,118)$2,635,910 $2,707,130 $(594,293)$2,112,837 
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 revenue20242023
Region or Country(in thousands)
United States$72,959 $71,436 
Europe53,465 43,790 
Asia-Pacific (excluding India)40,661 32,700 
India31,512 36,992 
South America20,291 17,375 
Canada18,659 8,293 
Central America689 1,921 
Middle East— 631 
Totals$238,236 $213,138 
Schedule of Lease Status of the Equipment Held for Operating Lease
As of December 31,
Net book value of equipment held for operating lease20242023
Region or Country(in thousands)
United States$658,128 $464,088 
Asia-Pacific (excluding India)344,946 235,948 
India314,714 294,361 
Europe299,322 443,901 
South America176,380 136,917 
Canada133,286 109,056 
Central America17,047 43,192 
Middle East6,239 42,965 
Off-lease685,848 342,409 
Totals$2,635,910 $2,112,837 

As of December 31, 2024, the lease status of the equipment held for operating lease (in thousands) was as follows:

Lease TermNet Book Value
Off-lease and other$685,848 
Month-to-month leases266,521 
Leases expiring 2025702,083 
Leases expiring 2026326,353 
Leases expiring 2027373,017 
Leases expiring 2028126,522 
Leases expiring 202928,990 
Leases expiring thereafter126,576 
$2,635,910 
Schedule of Minimum Future Payments Under Non-Cancelable Leases
As of December 31, 2024, minimum future payments under non-cancelable operating leases were as follows:

Year(in thousands)
2025$174,309 
202680,143 
202746,988 
202819,096 
202912,059 
Thereafter17,209 
$349,804 
Schedule of Sales-Type Leases
As of December 31, 2024, minimum future payments under non-cancelable notes receivable and investments in sales-type leases were as follows:

Year(in thousands)
2025$51,878 
202624,569 
202723,543 
202822,518 
202948,114 
Thereafter103,781 
Total undiscounted lease receivables274,403 
Less: interest(69,168)
Total notes receivable and investments in sales-type leases$205,235