Flight Equipment Held for Sale

12 Months Ended

Dec. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

As of December 31, 2025, the Company had 12 aircraft, with a carrying value of $529.0 million, which were classified as held for sale. The Company expects the sale of all 12 aircraft to be completed during 2026. As of December 31, 2025, the Company received an aggregate of $194.9 million in purchase deposits pursuant to sale agreements related to two of the 12 aircraft, which amount is included in Accrued interest and other payables on the Consolidated Balance Sheets.

As of December 31, 2024, the Company had 30 aircraft, with a carrying value of $951.2 million, which were classified as held for sale.

During the year ended December 31, 2025, the Company transferred 30 aircraft from flight equipment subject to operating lease to flight equipment held for sale and completed the sale of 48 aircraft from its held for sale portfolio. The Company ceases recognition of depreciation expense once an aircraft is classified as held for sale.

The following table summarizes the activities of the Company’s flight equipment held for sale for the year ended December 31, 2025 based on carrying value:


	(in thousands)
Flight equipment held for sale as of December 31, 2024	$	951,181
Flight equipment subject to operating leases reclassified to flight equipment held for sale	1,230,864
Aircraft sales	(1,653,029)
Flight equipment held for sale as of December 31, 2025	$	529,016