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Assets Held for Sale
3 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Assets Held for Sale
5.
Assets Held for Sale

During the three months ended December 31, 2024, management continued our plan to sell certain of our aircraft and related parts. As of September 30, 2024, the Company had a total of 26 airframes, 55 engines, two CRJ-700 aircraft, and certain spare parts classified as held for sale. The Company completed the sale of two CRJ-700 aircraft, and four GE Model CF34-8C engines during the three months ended December 31, 2024. Additionally, during the three months ended December 31, 2024, the Company agreed to sell 18 E-175 aircraft to United and completed the sale of eight of the 18 aircraft. The remaining ten E-175 aircraft as part of the sale were still in use, and as such, not considered held for sale as of December 31, 2024.

During the three months ended December 31, 2024, the Company determined that two additional CRJ-900 airframes met the criteria to be classified as assets held for sale. We have a total of 28 airframes, 51 engines, and certain spare parts classified as held for sale as of December 31, 2024 with a net book value of $80.7 million, all of which is classified as current assets on our condensed consolidated balance sheet.