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Net Investment in Sales-type Leases
 6 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Net Investment in Sales-type Leases Net Investment in Sales-type Leases
As of June 30, 2023, the Company had sales-type leases for ten A320-200 aircraft in its owned fleet.

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):

June 30, 2023
Future minimum lease payments to be received$224,475 
Estimated residual values of leased flight equipment91,688 
Less: Unearned income(42,323)
Net Investment in Sales-type Leases$273,840 

As of June 30, 2023, future minimum lease payments to be received on sales-type leases were as follows (in thousands):
Years ending December 31,
2023 (excluding the six months ended June 30, 2023)
$12,300 
202424,600 
202524,600 
202624,600 
202724,600 
Thereafter113,775 
Total$224,475