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Reportable Segments (Tables)

12 Months Ended

Dec. 31, 2024

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, 2024						Leasing and Related Operations						Spare Parts Sales						Eliminations						Total
Revenue:
Lease rent revenue						$	238,236					$	—					$	—					$	238,236
Maintenance reserve revenue						213,908						—						—						213,908
Spare parts and equipment sales						1,640						25,459						—						27,099
Interest revenue						11,683						—						—						11,683
Gain on sale of leased equipment						45,063						—						—						45,063
Maintenance services revenue						24,158						—						—						24,158
Other revenue						8,412						890						(226)						9,076
Total revenue						543,100						26,349						(226)						569,223
Expenses:
Depreciation and amortization expense						92,386						74						—						92,460
Cost of spare parts and equipment sales						197						22,655						—						22,852
Cost of maintenance services						24,470						—						—						24,470
Write-down of equipment						11,228						—						—						11,228
General and administrative						141,199						5,558						—						146,757
Technical expense						22,294						—						—						22,294
Net finance costs:
Interest expense						104,764						—						—						104,764
Total net finance costs						104,764						—						—						104,764
Total expenses						396,538						28,287						—						424,825
Income from operations						$	146,562					$	(1,938)					$	(226)					$	144,398

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 revenue						8,721						—						—						8,721
Gain on sale of leased equipment						10,581						—						—						10,581
Maintenance services revenue						24,168						—						—						24,168
Other revenue						7,442						689						(211)						7,920
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
Cost of maintenance services						21,159						—						—						21,159
Write-down of equipment						4,398						—						—						4,398
General and administrative						110,819						4,921						—						115,740
Technical expense						28,109						—						—						28,109
Net finance costs:
Interest expense						78,795						—						—						78,795
Total net finance costs						78,795						—						—						78,795
Total expenses						334,170						20,163						—						354,333
Income from operations						$	64,024					$	409					$	(211)					$	64,222

						Leasing and Related Operations						Spare Parts Sales						Eliminations						Total
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

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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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