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Net Investment in Finance Leases
 2 Months Ended
Feb. 29, 2020
Leases [Abstract]  
Net Investment in Finance Leases Net Investment in Leases
At February 29, 2020 and December 31, 2019, our net investment in leases consisted of 30 and 29 aircraft, respectively. The components of our net investment in leases at February 29, 2020, and December 31, 2019, were as follows:
February 29, 2020December 31, 2019
Lease receivable$166,060 $164,816 
Unguaranteed residual value of flight equipment266,750 254,580 
Net investment leases432,810 419,396 
Allowance for credit losses(6,558)— 
Net investment in leases, net of allowance$426,252 $419,396 
The activity in the allowance for credit losses related to our net investment in leases for the two months ended February 29, 2020 is as follows:
Amount
Balance at December 31, 2019$— 
Adoption of accounting standard6,270 
Provision for credit losses288 
Balance at February 29, 2020$6,558 
At February 29, 2020, future lease payments on net investment in leases are as follows:
Year Ending February 29/28,Amount
Remainder of 2020$51,302 
202145,936 
202233,270 
202328,523 
202410,232 
Thereafter21,989 
Total lease payments to be received191,252 
Present value of lease payments - lease receivable(166,060)
Difference between undiscounted lease payments and lease receivable$25,192