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Aircraft under management
3 Months Ended
Mar. 31, 2020
Aircraft under management  
Aircraft under management

Note 11.  Aircraft Under Management

As of March 31, 2020, we managed 82 aircraft across three aircraft management platforms. We managed 52 aircraft through our Thunderbolt platform, 26 aircraft through the Blackbird investment funds and four on behalf of a financial institution.

We managed 26 aircraft on behalf of third-party investors, through two investment funds, Blackbird I and Blackbird II. These funds invest in commercial aircraft and lease them to airlines throughout the world. We provide management services to these funds for a fee. As of March 31, 2020, the Company's non-controlling interests in each fund is 9.5% and are accounted for under the equity method of accounting. The Company’s investment in these funds aggregated $48.5 million and $46.5 million as of March 31, 2020 and December 31, 2019, respectively, and is included in Other assets on the Consolidated Balance Sheets. We continue to source aircraft investment opportunities for Blackbird II. As of March 31, 2020, Blackbird II has remaining equity capital commitments to acquire up to approximately $1.2 billion in aircraft assets, for which we have committed to fund up to $29.1 million related to these potential investments.

Additionally, we continue to manage aircraft that we sell through our Thunderbolt platform. As of March 31, 2020, we managed 52 aircraft sold across three separate transactions. We have non-controlling interests in two of these entities of approximately 5.0%, which are accounted for under the cost method of accounting. During the period ending March 31, 2020, we completed the sale of three aircraft from our operating lease portfolio through our Thunderbolt platform. The Company’s total investment in aircraft sold through our Thunderbolt platform was $9.9 million as of March 31, 2020 and December 31, 2019, and is included in Other assets on the Consolidated Balance Sheets.