Net Investment in Finance Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Net Investment in Finance Leases

Net Investment in Direct Financing and Sales-Type Leases

At December 31, 2019, our net investment in direct financing and sales-type leases consisted of 29 aircraft. The components of our net investment in direct financing and sales-type leases at December 31, 2019 are as follows:

	Amount
Lease receivable	$	164,816
Unguaranteed residual value of flight equipment	254,580
Net investment in direct financing and sales-type leases	$	419,396

At December 31, 2019, future lease payments on direct financing and sales-type leases are as follows:

Year Ending December 31,	Amount
2020	$	59,963
2021	43,716
2022	33,220
2023	27,228
2024	8,343
Thereafter	16,030
Total undiscounted lease payments	188,500
Present value of lease payments - lease receivable	(164,816		)
Difference between undiscounted lease payments and lease receivable	$	23,684