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Net Investment in Sales-type Lease

12 Months Ended

Dec. 31, 2024

As of December 31, 2024, the Company had sales-type leases for 15 aircraft and one engine. As of December 31, 2023, the Company had sales-type leases for 12 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):


	December 31, 2024
Future minimum lease payments to be received	$	365,729
Estimated residual values of leased flight equipment	$	133,680
Less: Unearned income	$	(66,361)
Net Investment in Sales-type Lease	$	433,048

As of December 31, 2024, future minimum lease payments to be received on sales-type leases were as follows:


	(in thousands)
Years ending December 31,
2025	$	40,731
2026	40,731
2027	40,731
2028	40,731
2029	40,731
Thereafter	162,074
Total	$	365,729