Unconsolidated Equity Method Investment (Notes)

9 Months Ended

Sep. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

Unconsolidated Equity Method Investments

We have joint ventures with an affiliate of Ontario Teachers’ Pension Plan (“Teachers’”) and with the leasing arm of the Industrial Bank of Japan, Limited (“IBJL”).

At September 30, 2017, the net book value of both joint ventures’ thirteen aircraft was approximately $661,000.



	Amount
Investment in joint ventures at December 31, 2016	$	72,977
Investment in joint ventures	2,117
Earnings from joint ventures, net of tax	5,804
Distributions	(4,800		)
Investment in joint ventures at September 30, 2017	$	76,098

The Company has recorded in its Consolidated Balance Sheet an $11,967 guarantee liability in Maintenance payments and a $5,100 guarantee liability in Security deposits representing its share of the respective exposures.