Unconsolidated Equity Method Investment (Tables)

9 Months Ended

Sep. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

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.