Lease Rental Revenues and Flight Equipment Held for Lease (Tables)

9 Months Ended

Sep. 30, 2012

Leases [Abstract]

Annual future minimum lease rentals receivable

Minimum future annual lease rentals contracted to be received under our existing operating leases of flight equipment at September 30, 2012 were as follows:

Year Ending December 31,	Amount
Remainder of 2012	$	152,159
2013	569,476
2014	477,385
2015	417,623
2016	356,038
2017	246,324
Thereafter	485,645
Total	$	2,704,650

Geographic concentration of lease rental revenue earnings

Geographic concentration of lease rental revenue earned from flight equipment held for lease was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
Region	2011		2012		2011		2012
Europe	44	%	37	%	45	%	40	%
Asia and Pacific	25	%	33	%	24	%	30	%
North America	12	%	12	%	13	%	12	%
Latin America	7	%	7	%	8	%	7	%
Middle East and Africa	12	%	11	%	10	%	11	%
Total	100	%	100	%	100	%	100	%

Revenue attributable to individual countries

The following table sets forth revenue attributable to individual countries representing at least 10% of total revenue (including maintenance revenue) based on each lessee’s principal place of business:

	Three Months Ended September 30,
	2011					2012
Country	Revenue		Percent of Total Revenue		Number of Lessees	Revenue		Percent of Total Revenue		Number of Lessees
China	$	18,431	13	%	4	$	19,303	11	%	4
United States	14,844		10	%	4	17,685		10	%	6
Russia (1)	—		—	%	—	17,472		10	%	8

(1) Total revenue attributable to Russia was less than 10% for the three months endedSeptember 30, 2011.

	Nine Months Ended September 30,
	2011					2012
Country	Revenue		Percent of Total Revenue		Number of Lessees	Revenue		Percent of Total Revenue		Number of Lessees
United States	$	48,261	11	%	4	$	61,366	12	%	6
China	50,832		11	%	5	56,160		11	%	4
Russia(1)	—		—	%	—	50,280		10	%	8

(1) Total revenue attributable to Russia was less than 10% for the nine months endedSeptember 30, 2011.

Geographic concentration of net book value of flight equipment held for lease

Geographic concentration of net book value of flight equipment (includes net book value of flight equipment held for lease and net investment in finance leases) was as follows:

	December 31, 2011				September 30, 2012
Region	Number of Aircraft		Net Book Value %		Number of Aircraft		Net Book Value %
Europe	66		41	%	70		37	%
Asia and Pacific	39		28	%	49		33	%
North America	16		9	%	18		11	%
Latin America	10		6	%	11		6	%
Middle East and Africa	9		15	%	8		13	%
Off-lease	4	(1)	1	%	1	(2)	—	%
Total	144		100	%	157		100	%

(1) Includes two Boeing Model 747-400 aircraft being converted from passenger to freighter configuration, one of these aircraft was delivered to a customer in North America in January 2012 and one was delivered to a customer in North America in April 2012; one Airbus Model A320-200 aircraft which was delivered to a customer in Europe in March, 2012, and one Boeing Model 737-400 aircraft which was sold in January 2012.

(2) One Boeing Model 767-300ER aircraft that we are marketing for lease or sale.

Net book value of flight equipment attributable to individual countries

The following table sets forth net book value of flight equipment (includes net book value of flight equipment held for lease and net investment in finance leases) attributable to individual countries representing at least 10% of net book value of flight equipment based on each lessee’s principal place of business as of:

	December 31, 2011					September 30, 2012
Country	Net Book Value		Net Book Value %		Number of Lessees	Net Book Value		Net Book Value %		Number of Lessees
China	$	526,008	12	%	4	$	521,715	11	%	4
Russia(1)	453,695		10	%	8	—		—	%	—
United States (2)	—		—	%	—	492,530		11	%	5

(1) The net book value of flight equipment attributable to Russia was less than 10% as of September 30, 2012.

(2) The net book value of flight equipment attributable to the United States was less than 10% as of December 31, 2011.