Commitments and Contingencies

3 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Rent expense, primarily for the corporate offices and sales and marketing offices, was $416 and $356 for the three months ended March 31, 2020 and 2019, respectively.

As of March 31, 2020, Aircastle is obligated under non-cancelable operating leases relating principally to office facilities in Stamford, Connecticut; Dublin, Ireland; and Singapore for future minimum lease payments as follows:

Year Ending December 31,	Amount
Remainder of 2020	$	1,386
2021	1,883
2022	1,799
2023	1,693
2024	1,724
Thereafter	6,107
Total	$	14,592

At March 31, 2020, we had commitments to acquire 27 aircraft for $1,019,710, including 25 Embraer E-Jet E2 aircraft.

Commitments, including $112,272 of remaining progress payments, contractual price escalations and other adjustments for these aircraft, at March 31, 2020, net of amounts already paid, are as follows:

Year Ending December 31,	Amount
Remainder of 2020	$	125,800
2021	508,424
2022	192,507
2023	119,131
2024	73,848
Total	$	1,019,710

As of May 8, 2020, we had commitments to acquire 27 aircraft for $1,019,710.