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Subsequent Events
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Subsequent to March 31, 2025, the Company entered into settlement agreements with certain C&P Insurers and received an aggregate of $226.7 million in cash insurance settlement proceeds. For more information, see Note 4. Flight equipment subject to operating lease. As a result, the Company expects to recognize a net benefit of $228.9 million in the second quarter of 2025, consisting of $226.7 million in cash insurance settlement proceeds and a benefit of approximately $2.2 million related to its equity interest in its managed fleet, which will be recognized under Recoveries of Russian fleet write-off in the Company’s consolidated statement of income and comprehensive income.

On May 2, 2025, the Company’s board of directors approved quarterly cash dividends for the Company’s Class A common stock and Series B, Series C and Series D preferred stock. The following table summarizes the details of the dividends that were declared:

Title of each classCash dividend per shareRecord DatePayment Date
Class A Common Stock$0.22 June 4, 2025July 9, 2025
Series B Preferred Stock$11.625 May 31, 2025June 15, 2025
Series C Preferred Stock$10.3125 May 31, 2025June 15, 2025
Series D Preferred Stock$15.00 May 31, 2025June 15, 2025