XML 38 R25.htm IDEA: XBRL DOCUMENT v3.26.1
Subsequent Events
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On April 8, 2026, the Company completed the Merger discussed in Note 1 above, which occurred subsequent to March 31, 2026. The accompanying consolidated financial statements do not reflect the effects of this transaction, as it represents a non‑recognized subsequent event.

On April 8, 2026, in connection with the closing of the Merger, the Company assumed non-binding agreements entered into by the Parent in December 2025 to sell a total of 70 aircraft with a net book value as of March 31, 2026 of approximately $4.5 billion to two parties. The Company currently expects the sales of the aircraft pertaining to these agreements to be completed in the next 12 months.
On May 5, 2026, the Company’s board of directors approved quarterly cash dividends for the Company’s 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
Series B Preferred Stock$11.625 May 29, 2026June 15, 2026
Series C Preferred Stock$10.3125 May 29, 2026June 15, 2026
Series D Preferred Stock$15.00 May 29, 2026June 15, 2026