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Reportable Segments
 6 Months Ended
Jun. 30, 2025
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.

Prior period segment information is presented on a comparable basis to the basis on which current period segment information is presented and reviewed by the CODM.

The following tables present a summary of the reportable segments (in thousands):
Three months ended June 30, 2025Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Revenue:
Lease rent revenue$72,268 $— $— $72,268 
Maintenance reserve revenue50,743 — — 50,743 
Spare parts and equipment sales21,157 10,421 (1,224)30,354 
Interest revenue3,649 — — 3,649 
Gain on sale of leased equipment27,582 — — 27,582 
Maintenance services revenue8,031 — — 8,031 
Other revenue2,874 43 (42)2,875 
Total revenue186,304 10,464 (1,266)195,502 
Expenses:
Depreciation and amortization expense27,538 12 — 27,550 
Cost of spare parts and equipment sales19,768 9,328 (994)28,102 
Cost of maintenance services8,847 — (226)8,621 
Write-down of equipment11,458 — — 11,458 
General and administrative49,162 1,267 — 50,429 
Technical expense7,512 — (4)7,508 
Net finance costs:
Interest expense33,569 — 33,569 
Total finance costs33,569 — — 33,569 
Total expenses157,854 10,607 (1,224)167,237 
Income (loss) from operations$28,450 $(143)$(42)$28,265 
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 9,641 (3,664)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 9,780 (3,723)151,120 
Expenses:
Depreciation and amortization expense22,148 19 — 22,167 
Cost of spare parts and equipment sales21 8,938 (3,522)5,437 
Cost of maintenance services5,735 — (64)5,671 
General and administrative34,035 652 — 34,687 
Technical expense4,596 — (78)4,518 
Net finance costs:
Interest expense24,562 — — 24,562 
Total finance costs24,562 — — 24,562 
Total expenses91,097 9,609 (3,664)97,042 
Income from operations$53,966 $171 $(59)$54,078 
Six months ended June 30, 2025Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Revenue:
Lease rent revenue$140,007 $— $— $140,007 
Maintenance reserve revenue105,602 — — 105,602 
Spare parts and equipment sales23,455 29,101 (3,962)48,594 
Interest revenue7,583 — — 7,583 
Gain on sale of leased equipment32,019 — — 32,019 
Gain on sale of financial assets378 — — 378 
Maintenance services revenue13,617 — — 13,617 
Other revenue5,338 185 (89)5,434 
Total revenue327,999 29,286 (4,051)353,234 
Expenses:
Depreciation and amortization expense52,543 31 — 52,574 
Cost of spare parts and equipment sales21,275 25,831 (3,681)43,425 
Cost of maintenance services14,223 — (273)13,950 
Write-down of equipment13,567 — — 13,567 
General and administrative95,957 2,192 — 98,149 
Technical expense13,746 — (8)13,738 
Net finance costs:
Interest expense65,663 — — 65,663 
Total finance costs65,663 — — 65,663 
Total expenses276,974 28,054 (3,962)301,066 
Income from operations$51,025 $1,232 $(89)$52,168 
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 14,037 (4,856)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 14,417 (4,953)270,203 
Expenses:
Depreciation and amortization expense44,616 37 — 44,653 
Cost of spare parts and equipment sales30 12,792 (4,680)8,142 
Cost of maintenance services11,315 — (70)11,245 
Write-down of equipment261 — — 261 
General and administrative62,221 2,047 — 64,268 
Technical expense12,879 — (106)12,773 
Net finance costs:
Interest expense47,565 — — 47,565 
Total finance costs47,565 — — 47,565 
Total expenses178,887 14,876 (4,856)188,907 
Income (loss) from operations$81,852 $(459)$(97)$81,296 
Leasing and 
Related Operations		Spare Parts SalesEliminationsTotal
Total assets as of June 30, 2025$3,879,760 $66,685 $— $3,946,445 
Total assets as of December 31, 2024$3,219,856 $77,340 $— $3,297,196