Unconsolidated Equity Method Investment (Tables)

6 Months Ended

Jun. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

At June 30, 2017, the net book value of both joint ventures’ thirteen aircraft was approximately $675,000.

	Amount
Investment in joint ventures at December 31, 2016	$	72,977
Investment in joint ventures	1,673
Earnings from joint ventures, net of tax	4,508
Distributions	(3,000		)
Investment in joint ventures at June 30, 2017	$	76,158

The Company has recorded in its Consolidated Balance Sheet an $11,523 guarantee liability in Maintenance payments and a $5,100 guarantee liability in Security deposits representing its share of the respective exposures.