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INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | NOTE 8 -INTANGIBLE ASSETS Intangible assets:
|  | December 31, |
|  | 2023 |  |  | 2022 |
Commercial license |  |  |  |  |  |
Cost |  | $ | 2,509 |  |  | $ | 2,030 |
Accumulated amortization |  |  | (686 | ) |  |  | (407 | )
Amortized cost |  | $ | 1,823 |  |  | $ | 1,623 |
In September 2020, Piedmont signed a 10-year agreement for the commercial MRO services for aviation components. Under this contract Honeywell licensed Piedmont as an authorized MRO station of APU 331-20X. Estimated amortization expenses for the five succeeding years is $279 thousands per year.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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