LEASING EQUIPMENT, NET (Tables)

6 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of Lessor, Operating Leases

Leasing equipment, net is summarized as follows:

	June 30, 2020		December 31, 2019
Leasing equipment	$	2,146,948	$	2,019,773
Less: accumulated depreciation	(377,149)		(312,714)
Leasing equipment, net	$	1,769,799	$	1,707,059

Lessor, Acquisition and Disposition of Leasing Equipment

The following table presents information related to our acquisitions and dispositions of aviation leasing equipment during the six months ended June 30, 2020:

Acquisitions:
Aircraft	19
Engines	5
Dispositions:
Aircraft	—
Engines	3

Operating Lease, Lease Income

Depreciation expense for leasing equipment is summarized as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
Depreciation expense for leasing equipment	$	34,293	$	35,150	$	69,017	$	67,046