Unconsolidated Equity Method Investment (Notes)

6 Months Ended

Jun. 30, 2020

Equity Method Investments and Joint Ventures [Abstract]

Unconsolidated Equity Method Investment

Unconsolidated Equity Method Investments

We have a joint venture with Mizuho Leasing which has nine aircraft with a net book value of $321,067 at June 30, 2020.

	Amount
Investment in joint ventures at December 31, 2019	$	32,974
Earnings from joint venture, net of tax	1,476
Investment in joint venture at June 30, 2020	$	34,450

In April 2020, we sold two engines to Magellan, an affiliate of Marubeni, for $5,355. This transaction was approved by our Audit Committee as an arm’s length transaction under our related party policy.