Note 14 - Lease Right-to-use

9 Months Ended

Jan. 31, 2024

Notes to Financial Statements

Lessee, Finance Leases [Text Block]

14. Lease Right-to-Use:

We lease hangars and office space with initial lease terms of five, forty-six, and fifty years.

	January 31, 2024
Lease right-to-use assets	$	3,781
Less accumulated depreciation		842
Total	$	2,939

Future minimum lease payments for assets under finance leases at January 31, 2024 are as follows:

2025	$	177
2026		115
2027		118
2028		120
2029		122
Thereafter		12,736
Total minimum lease payments		13,388
Less amount representing interest		9,969
Present value of net minimum lease payments		3,419
Less current maturities of lease liability		63
Lease liability, net of current maturities	$	3,356

Finance lease costs at January 31, 2024 and  January 31, 2023 are as follows: 

	January 31, 2024		January 31, 2023
Finance lease cost:
Amortization of right-of-use assets	$	142	$	141
Interest on lease liabilities		140		141
Total finance lease cost	$	282	$	282

	January 31, 2024			January 31, 2023
Weighted average remaining lease term - Financing leases (in years)		44			46
Weighted average discount rate - Financing leases		5.8	%		5.8	%