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Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of the Reportable Segments

The following tables present a summary of the reportable segments (in thousands):

Three months ended March 31, 2025						Leasing and  Related Operations						Spare Parts Sales						Eliminations						Total
Revenue:
Lease rent revenue						$	67,739					$	—					$	—					$	67,739
Maintenance reserve revenue						54,859						—						—						54,859
Spare parts and equipment sales						2,298						18,680						(2,738)						18,240
Interest revenue						3,934						—						—						3,934
Gain on sale of leased equipment						4,437						—						—						4,437
Gain on sale of financial assets						378						—						—						378
Maintenance services revenue						5,586						—						—						5,586
Other revenue						2,464						141						(46)						2,559
Total revenue						141,695						18,821						(2,784)						157,732
Expenses:
Depreciation and amortization expense						25,005						19						—						25,024
Cost of spare parts and equipment sales						1,507						16,503						(2,687)						15,323
Cost of maintenance services						5,376						—						(47)						5,329
Write-down of equipment						2,109						—						—						2,109
General and administrative						46,795						925						—						47,720
Technical expense						6,234						—						(4)						6,230
Net finance costs:
Interest expense						32,094						—						—						32,094
Total finance costs						32,094						—						—						32,094
Total expenses						119,120						17,447						(2,738)						133,829
Income from operations						$	22,575					$	1,374					$	(46)					$	23,903

Three months ended March 31, 2024						Leasing and  Related Operations						Spare Parts Sales						Eliminations						Total
Revenue:
Lease rent revenue						$	52,881					$	—					$	—					$	52,881
Maintenance reserve revenue						43,870						—						—						43,870
Spare parts and equipment sales						84						4,396						(1,192)						3,288
Interest revenue						2,269						—						—						2,269
Gain on sale of leased equipment						9,201						—						—						9,201
Maintenance services revenue						5,227						—						—						5,227
Other revenue						2,144						241						(38)						2,347
Total revenue						115,676						4,637						(1,230)						119,083
Expenses:
Depreciation and amortization expense						22,468						18						—						22,486
Cost of spare parts and equipment sales						9						3,854						(1,158)						2,705
Cost of maintenance services						5,580						—						(6)						5,574
Write-down of equipment						261						—						—						261
General and administrative						28,186						1,395						—						29,581
Technical expense						8,283						—						(28)						8,255
Net finance costs:
Interest expense						23,003						—						—						23,003
Total finance costs						23,003						—						—						23,003
Total expenses						87,790						5,267						(1,192)						91,865
Income (loss) from operations						$	27,886					$	(630)					$	(38)					$	27,218

						Leasing and  Related Operations						Spare Parts Sales						Eliminations						Total
Total assets as of March 31, 2025						$	3,201,074					$	73,559					$	—					$	3,274,633
Total assets as of December 31, 2024						$	3,219,856					$	77,340					$	—					$	3,297,196

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- 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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