Assets Held for Sale	3 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Assets Held for Sale	Assets Held for Sale During the three months ended December 31, 2024, management continued our plan to sell certain of our CRJ-900 aircraft and related parts. As of September 30, 2024 the Company had a total of 26 CRJ-900 airframes, 55 GE model CF34-8C 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 that were held for sale as of September 30, 2024. Management determined that two additional CRJ-900 airframes met the criteria to be classified as assets held for sale during the three months ended December 31, 2024. These assets are presented separately in our condensed consolidated balance sheet at the lower of their current carrying value or their fair market value less costs to sell. The fair values are based upon observable and unobservable inputs, including recent purchase offers and market trends and conditions. The assumptions used to determine the fair value of our assets held for sale, excluding agreed upon purchase offers, are subject to inherent uncertainty and could produce a wide range of outcomes which we will continue to monitor in future periods as new information becomes available. Prior to the ultimate sale of the assets, subsequent changes in our estimate of the fair value of our assets held for sale will be recorded as a gain or loss with a corresponding adjustment to the assets’ carrying value. The Company recorded a total of $4.9 million of impairment associated with held for sale assets 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 10 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. As of December 31, 2024, the Company had 28 CRJ-900 airframes, 51 engines, and certain spare parts that were classified as assets held for sale with a net book value of $80.7 million.

Assets Held for Sale

3 Months Ended

Dec. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

During the three months ended December 31, 2024, management continued our plan to sell certain of our CRJ-900 aircraft and related parts. As of September 30, 2024 the Company had a total of 26 CRJ-900 airframes, 55 GE model CF34-8C 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 that were held for sale as of September 30, 2024. Management determined that two additional CRJ-900 airframes met the criteria to be classified as assets held for sale during the three months ended December 31, 2024. These assets are presented separately in our condensed consolidated balance sheet at the lower of their current carrying value or their fair market value less costs to sell. The fair values are based upon observable and unobservable inputs, including recent purchase offers and market trends and conditions. The assumptions used to determine the fair value of our assets held for sale, excluding agreed upon purchase offers, are subject to inherent uncertainty and could produce a wide range of outcomes which we will continue to monitor in future periods as new information becomes available. Prior to the ultimate sale of the assets, subsequent changes in our estimate of the fair value of our assets held for sale will be recorded as a gain or loss with a corresponding adjustment to the assets’ carrying value. The Company recorded a total of $4.9 million of impairment associated with held for sale assets 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 10 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.

As of December 31, 2024, the Company had 28 CRJ-900 airframes, 51 engines, and certain spare parts that were classified as assets held for sale with a net book value of $80.7 million.