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Net Investment in Sales-type Leases
 3 Months Ended
Mar. 31, 2023
Leases [Abstract]  
Net Investment in Sales-type Leases Net Investment in Sales-type Leases
As of March 31, 2023, the Company had ten A320-200 aircraft on lease to an airline with terms that meet the criteria of being classified as a sales-type lease.

Net investment in sales-type leases are included in Other assets in the Company’s Consolidated Balance Sheets based on the present value of fixed payments under the contract and the residual value of the underlying asset, discounted at the rate implicit in the lease. The Company’s investment in sales-type leases consisted of the following (in thousands):

March 31, 2023
Future minimum lease payments to be received$230,625 
Estimated residual values of leased flight equipment91,688 
Less: Unearned income(44,041)
Net Investment in Sales-type Leases$278,272 

As of March 31, 2023, future minimum lease payments to be received on sales-type leases were as follows:
(in thousands)
Years ending December 31,
2023 (excluding the three months ended March 31, 2023)
$18,450 
202424,600 
202524,600 
202624,600 
202724,600 
Thereafter113,775 
Total$230,625