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Subsequent Events
9 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events
15.
Subsequent Events

 

Sale of Assets

Subsequent to to June 30, 2025, the Company closed the sale of five CRJ-900 airframes and eight GE Model CF34-8C engines to third parties for gross proceeds of $11.7 million, all of which was used to pay down our UST Loan.

 

One Big Beautiful Bill Act

On July 4, 2025, President Trump signed into law the legislation commonly referred to as the One Big Beautiful Bill Act (“OBBBA”). The OBBBA includes various provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. The OBBBA has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. We are currently assessing its impact on our consolidated financial statements and will recognize the income tax effects in the consolidated financial statements beginning in the period in which the OBBBA was signed into law.