Commitments and Contingencies

6 Months Ended

Jun. 30, 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 $398 and $796 for the three and six months ended June 30, 2020, and $414 and $770 for the three and six months ended June 30, 2019, respectively.

As of June 30, 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	$	924
2021	1,892
2022	1,806
2023	1,696
2024	1,727
Thereafter	6,113
Total	$	14,158

At June 30, 2020, we had commitments to acquire 27 aircraft for $1,022,422, including 25 Embraer E-Jet E2 aircraft.

Commitments, including $109,855 of remaining progress payments, contractual price escalations and other adjustments for these aircraft, at June 30, 2020, net of amounts already paid, are as follows:

Year Ending December 31,	Amount(1)
Remainder of 2020	$	104,611
2021	352,453
2022	336,473
2023	155,037
2024	73,848
Total	$	1,022,422

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(1) We are in the process of deferring some of our E Jet E-2 deliveries scheduled to be delivered over the next twelve months to a later date which would reduce our commitments due within one year by approximately $111,302.

As of August 1, 2020, we had commitments to acquire 25 aircraft for $983,922.