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Notes Receivable
12 Months Ended
Dec. 31, 2012
Notes Receivable  
Notes Receivable

(3) Notes Receivable

 

At December 31, 2012, we had one Note Receivable of $0.7 million relating to settlement agreements for the payment of outstanding balances from one lessee for two aircraft and one engine. This note had an original principal balance of $1.0 million and is payable monthly over five years with interest of 5.0% per annum, with a final payment due in April 2016. Due to concerns regarding collectability, we have fully reserved for the amount owing under this unsecured note.