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Net Investment in Sales-type Lease

12 Months Ended

Dec. 31, 2025

As of December 31, 2025, the Company had sales-type leases for 16 aircraft and one engine. As of December 31, 2024, the Company had sales-type leases for 15 aircraft and one engine.

Net investment in sales-type leases is included 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 as of December 31, 2025:


	December 31, 2025
	(in thousands)
Future minimum lease payments to be received	$	360,235
Estimated residual values of leased flight equipment	$	161,600
Less: Unearned income	$	(61,029)
Net Investment in Sales-type Lease	$	460,806

As of December 31, 2025, future minimum lease payments to be received on sales-type leases were as follows:


	(in thousands)
Years ending December 31,
2026	$	43,887
2027	43,887
2028	43,887
2029	43,887
2030	43,887
Thereafter	140,800
Total	$	360,235