Statements of Cash Flows (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Operating activities:
Net income	$ 3,217,500	$ 5,189,000
Adjustments to reconcile net income to net cash provided by operating activities:
Net gain on disposal of assets	(3,808,200)	(1,486,100)
Depreciation	7,312,500	6,126,900
Non-cash interest	1,113,600	1,667,000
Deferred income taxes	1,680,500	2,324,800
Changes in operating assets and liabilities:
Accounts receivable	(106,000)	(260,100)
Finance lease receivable	246,000	60,900
Income taxes receivable	2,000	(300)
Prepaid expenses and other	(772,400)	(221,200)
Accounts payable and accrued expenses	(40,300)	741,000
Accrued interest on notes payable	(38,400)	(407,000)
Maintenance reserves and accrued costs	(1,284,200)	9,541,400
Security deposits	(525,200)	1,447,100
Unearned revenue	(105,700)	194,200
Income taxes payable	(19,100)	(1,300)
Net cash provided by operating activities	6,872,600	24,916,300
Investing activities:
Proceeds from sale of aircraft and aircraft engines held for lease, net of re-sale fees	10,018,700	5,322,200
Proceeds from sale of assets held for sale, net of re-sale fees	945,100	0
Purchases of aircraft and aircraft engines	(24,965,500)	(30,632,200)
Net cash used in investing activities	(14,001,700)	(25,310,000)
Financing activities:
Borrowings under Credit Facility	19,000,000	19,900,000
Repayments of Credit Facility	(9,300,000)	(17,300,000)
Debt issuance costs	(2,055,000)	(1,605,000)
Net cash provided by financing activities	7,645,000	995,000
Net increase in cash and cash equivalents	515,900	601,300
Cash and cash equivalents, beginning of year	1,596,800	995,500
Cash and cash equivalents, end of year	$ 2,112,700	$ 1,596,800