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Flight Equipment Held for Sale	3 Months Ended
Mar. 31, 2020
Flight Equipment held for sale
Flight Equipment Held for Sale	Note 12. Flight Equipment Held for Sale As of March 31, 2020, we had five aircraft, with a carrying value of $175.1 million, which were held for sale and included in Other assets on the Consolidated Balance Sheets. These aircraft will be sold through our Thunderbolt platform and we expect the sale of all five aircraft to be completed in 2020. We cease recognition of depreciation expense once an aircraft is classified as held for sale. As of December 31, 2019, we had eight aircraft classified as held for sale, with a carrying value of $249.6 million.

Flight Equipment Held for Sale

3 Months Ended

Mar. 31, 2020

Note 12. Flight Equipment Held for Sale

As of March 31, 2020, we had five aircraft, with a carrying value of $175.1 million, which were held for sale and included in Other assets on the Consolidated Balance Sheets. These aircraft will be sold through our Thunderbolt platform and we expect the sale of all five aircraft to be completed in 2020. We cease recognition of depreciation expense once an aircraft is classified as held for sale. As of December 31, 2019, we had eight aircraft classified as held for sale, with a carrying value of $249.6 million.