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

12 Months Ended

Dec. 31, 2019

Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]

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 direct financing and sales-type 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, 2019				December 31, 2018
Region	Net Book Value		Net Book Value %	Number of Lessees	Net Book Value		Net Book Value %	Number of Lessees
India	$	924,190	12%	4	$	865,046	12%	4

Annual future minimum lease rentals receivable

Minimum future annual lease rentals contracted to be received under our existing operating leases of flight equipment at December 31, 2019 were as follows:



Year Ended December 31,	Amount
2020	$	767,025
2021	692,351
2022	607,368
2023	525,677
2024	414,660
Thereafter	551,169
Total	$	3,558,250

Geographic concentration of lease rental revenue earnings

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



	Year Ended December 31,
Region	2019		2018		2017
Asia and Pacific	43	%	36	%	37	%
Europe	27	%	28	%	24	%
Middle East and Africa	10	%	11	%	12	%
North America	9	%	9	%	8	%
South America	11	%	16	%	19	%

Total	100	%	100	%	100	%

Revenue attributable to individual countries

The following table shows the number of lessees with lease rental revenue of at least 5% of total lease rental revenue and their combined total percentage of lease rental revenue for the periods indicated:



Year Ended December 31,	2019		2018		2017
	Number of Lessees	Combined % of Lease Rental Revenue	Number of Lessees	Combined % of Lease Rental Revenue	Number of Lessees	Combined % of Lease Rental Revenue
Largest lessees by lease rental revenue	2	16%	3	18%	4	24%

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 for the periods indicated:



Year Ended December 31,	2019			2018			2017
Country	Revenue		% of Total Revenue	Revenue		% of Total Revenue	Revenue		% of Total Revenue
Brazil⁽¹⁾	$	—	—%	$	116,527	13%	$	—	—%
India⁽²⁾	115,865		13%	—		—%	—		—%

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(1)	For the year ended December 31, 2018, total revenue included $72,242 of maintenance revenue related to early lease terminations with Avianca Brazil. Total revenue attributable to Brazil was less than 10% for the years ended December 31, 2019 and 2017.

(2)

For the year ended December 31, 2019, total revenue attributable to India included maintenance revenue of $14,915. Total revenue attributable to India was less than 10% for the years ended December 31, 2018 and 2017.

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

Geographic concentration of net book value of flight equipment (including flight equipment held for lease and net investment in direct financing and sales-type leases, or “net book value”) was as follows:



	December 31, 2019				December 31, 2018
Region	Number of Aircraft		Net Book Value %		Number of Aircraft		Net Book Value %
Asia and Pacific	94		38	%	78		36	%
Europe	99		26	%	87		27	%
Middle East and Africa	16		7	%	17		8	%
North America	40		13	%	35		10	%
South America	26		15	%	16		10	%
Off-lease	3	⁽¹⁾	1	%	15	⁽²⁾	9	%
Total	278		100	%	248		100	%

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(1)	Consisted of one Airbus A320-200 aircraft, which was delivered on lease to a customer in Europe during the first quarter of 2020, one Airbus A330-200 aircraft, which is subject to a lease commitment, and one Boeing 737-800 aircraft, which we are marketing for lease or sale.

(2)

Consisted of ten Airbus A320-200 aircraft, one Airbus A330-200 aircraft, one Boeing 737-800 aircraft and one Boeing 777-300ER aircraft, all of which delivered on lease to customers during 2019, one Airbus A330-200 aircraft, which is subject to a lease commitment, and one Airbus A320-200 aircraft, which was sold during 2019.