Rental Income

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

Rental Income

Rental Income

At December 31, 2024, minimum future rentals on non-cancellable operating leases of flight equipment in the Company’s owned fleet, which have been delivered as of December 31, 2024, are as follows:    

	(in thousands)
Years ending December 31,
2025	$	2,569,710
2026	2,458,787
2027	2,254,465
2028	2,067,299
2029	1,855,132
Thereafter	7,088,866
Total	$	18,294,259

The Company recorded $80.4 million, and $167.3 million in overhaul revenue based on its lessees’ usage of the aircraft for the years ended December 31, 2024 and 2023, respectively.

The following table shows the scheduled lease terminations (for the minimum non-cancellable period which does not include contracted unexercised lease extension options) of the Company’s owned aircraft, as of December 31, 2024:

Aircraft Type	2025	2026	2027	2028	2029	Thereafter	Total
Airbus A220-100	—	—	—	—	—	7	7
Airbus A220-300	—	—	2	—	—	20	22
Airbus A320-200	8	3	1	—	1	10	23
Airbus A320-200neo	—	—	3	4	3	13	23
Airbus A321-200	1	4	3	6	5	—	19
Airbus A321-200neo	—	1	6	7	10	84	108
Airbus A330-200	2	2	—	1	7	1	13
Airbus A330-300	1	1	1	1	1	—	5
Airbus A330-900neo	—	1	—	—	1	26	28
Airbus A350-900	—	1	1	1	—	14	17
Airbus A350-1000	—	—	—	—	—	8	8
Boeing 737-700	2	—	—	—	—	—	2
Boeing 737-800	11	14	11	9	8	8	61
Boeing 737-8 MAX	—	2	2	4	1	50	59
Boeing 737-9 MAX	—	—	—	—	1	29	30
Boeing 777-200ER	—	—	1	—	—	—	1
Boeing 777-300ER	1	9	4	6	1	3	24
Boeing 787-9	—	1	2	3	2	18	26
Boeing 787-10	—	—	—	—	—	12	12
Embraer E190	—	—	—	—	—	1	1
Total	26	39	37	42	41	304	489