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Flight Equipment Held for Sale
9 Months Ended
Sep. 30, 2017
Flight Equipment Held for Sale  
Flight Equipment Held for Sale

Note 10.Flight Equipment Held for Sale

 

As of September 30, 2017, we had one aircraft, with a carrying value of $42.5 million, which was held for sale and included in flight equipment subject to operating leases on the Consolidated Balance Sheet.  We expect to complete the sale of the aircraft in the fourth quarter of 2017. We cease recognition of depreciation expense once an aircraft is classified as held for sale.  As of December 31, 2016, we had six aircraft, with a carrying value of $163.4 million, held for sale and included in flight equipment subject to operating leases on the Consolidated Balance Sheet.