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SEGMENT INFORMATION - Statement of Income by Segment (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues            
Total revenues $ 465,794 $ 291,096     $ 1,236,082 $ 858,159
Expenses            
Cost of sales 219,496 116,707     568,157 366,909
Operating expenses 26,858 33,887     81,274 81,218
General and administrative 4,045 3,015     10,697 10,270
Acquisition and transaction expenses 9,341 4,261     23,539 10,195
Management fees and incentive allocation to affiliate 0 4,577     8,449 13,137
Internalization fee to affiliate 0 0     300,000 0
Depreciation and amortization 56,775 43,959     163,386 123,399
Asset impairment 0 0     962 1,220
Total expenses 316,515 206,406     1,156,464 606,348
Other income (expense)            
Equity in (losses) earnings of unconsolidated entities (438) 46     (1,799) (1,669)
Interest expense (57,937) (40,185)     (160,840) (117,976)
Loss on extinguishment of debt 0 0     (13,920) 0
Other income 2,909 461     3,045 877
Total other income (expense) (55,466) (39,678)     (173,514) (118,768)
Income (loss) before income taxes 93,813 45,012     (93,896) 133,043
Provision (benefit) from income taxes 7,331 3,705     (130) 7,586
Net income (loss) 86,482 41,307 $ (180,248) $ 84,150 (93,766) 125,457
Less: Dividends on preferred shares 8,335 8,334     25,005 23,460
Net income (loss) attributable to shareholders 78,147 32,973     (118,771) 101,997
Lease income            
Revenues            
Total revenues 65,450 45,622     189,365 161,141
Other income (expense)            
Less: Dividends on preferred shares         25,005  
Maintenance revenue            
Revenues            
Total revenues 59,917 63,925     156,894 141,131
Other income (expense)            
Net income (loss) attributable to shareholders         (118,771)  
Asset sales revenue            
Revenues            
Total revenues 34,953 61,400     145,993 246,927
Aerospace products revenue            
Revenues            
Total revenues 303,469 118,675     737,726 296,513
Other revenue            
Revenues            
Total revenues 2,005 1,474     6,104 12,447
Operating Segments            
Other income (expense)            
Other income          
Income (loss) before income taxes          
Corporate and Other            
Revenues            
Total revenues 10,059 11,033     26,343 33,837
Expenses            
Cost of sales 0 0     0 0
Operating expenses 14,246 13,996     37,780 39,770
General and administrative 4,045 3,015     10,697 10,270
Acquisition and transaction expenses 4,621 1,822     13,318 4,098
Management fees and incentive allocation to affiliate   4,577     8,449 13,137
Internalization fee to affiliate         300,000  
Depreciation and amortization 3,014 2,703     8,998 8,107
Asset impairment         0 0
Total expenses 25,926 26,113     379,242 75,382
Other income (expense)            
Equity in (losses) earnings of unconsolidated entities 0 0     0 0
Interest expense (57,937) (40,185)     (160,840) (117,976)
Loss on extinguishment of debt         (13,920)  
Other income 927 17     1,605 17
Total other income (expense) (57,010) (40,168)     (173,155) (117,959)
Income (loss) before income taxes (72,877) (55,248)     (526,054) (159,504)
Provision (benefit) from income taxes (5,975) 242       541
Net income (loss) (66,902) (55,490)     (493,835) (160,045)
Less: Dividends on preferred shares 8,335 8,334       23,460
Net income (loss) attributable to shareholders (75,237) (63,824)       (183,505)
Corporate and Other | Lease income            
Revenues            
Total revenues 8,128 9,641     20,438 28,163
Other income (expense)            
Less: Dividends on preferred shares         25,005  
Corporate and Other | Maintenance revenue            
Revenues            
Total revenues 0 0     0 0
Other income (expense)            
Net income (loss) attributable to shareholders         (518,840)  
Corporate and Other | Asset sales revenue            
Revenues            
Total revenues 0 0     0 0
Corporate and Other | Aerospace products revenue            
Revenues            
Total revenues 0 0     0 0
Corporate and Other | Other revenue            
Revenues            
Total revenues 1,931 1,392     5,905 5,674
Aviation Leasing | Operating Segments            
Revenues            
Total revenues 152,266 161,388     472,013 527,809
Expenses            
Cost of sales 20,684 46,511     111,542 188,343
Operating expenses 9,995 13,944     26,984 28,610
General and administrative 0 0     0 0
Acquisition and transaction expenses 2,620 2,329     7,350 4,960
Management fees and incentive allocation to affiliate   0     0 0
Internalization fee to affiliate         0  
Depreciation and amortization 52,455 41,141     151,211 114,994
Asset impairment         962 1,220
Total expenses 85,754 103,925     298,049 338,127
Other income (expense)            
Equity in (losses) earnings of unconsolidated entities 0 (108)     (207) (242)
Interest expense 0 0     0 0
Loss on extinguishment of debt         0  
Other income 1,982 444     1,440 860
Total other income (expense) 1,982 336     1,233 618
Income (loss) before income taxes 68,494 57,799     175,197 190,300
Provision (benefit) from income taxes 8,898 2,332     20,224 4,414
Net income (loss) 59,596 55,467     154,973 185,886
Less: Dividends on preferred shares 0 0     0 0
Net income (loss) attributable to shareholders 59,596 55,467       185,886
Aviation Leasing | Operating Segments | Lease income            
Revenues            
Total revenues 57,322 35,981     168,927 132,978
Other income (expense)            
Provision (benefit) from income taxes         (32,219)  
Aviation Leasing | Operating Segments | Maintenance revenue            
Revenues            
Total revenues 59,917 63,925     156,894 141,131
Other income (expense)            
Net income (loss) attributable to shareholders         154,973  
Aviation Leasing | Operating Segments | Asset sales revenue            
Revenues            
Total revenues 34,953 61,400     145,993 246,927
Aviation Leasing | Operating Segments | Aerospace products revenue            
Revenues            
Total revenues 0 0     0 0
Aviation Leasing | Operating Segments | Other revenue            
Revenues            
Total revenues 74 82     199 6,773
Aerospace Products | Operating Segments            
Revenues            
Total revenues 303,469 118,675     737,726 296,513
Expenses            
Cost of sales 198,812 70,196     456,615 178,566
Operating expenses 2,617 5,947     16,510 12,838
General and administrative 0 0     0 0
Acquisition and transaction expenses 2,100 110     2,871 1,137
Management fees and incentive allocation to affiliate   0     0 0
Internalization fee to affiliate         0  
Depreciation and amortization 1,306 115     3,177 298
Asset impairment         0 0
Total expenses 204,835 76,368     479,173 192,839
Other income (expense)            
Equity in (losses) earnings of unconsolidated entities (438) 154     (1,592) (1,427)
Interest expense 0 0     0 0
Loss on extinguishment of debt         0  
Other income 0 0     0 0
Total other income (expense) (438) 154     (1,592) (1,427)
Income (loss) before income taxes 98,196 42,461     256,961 102,247
Provision (benefit) from income taxes 4,408 1,131     11,865 2,631
Net income (loss) 93,788 41,330     245,096 99,616
Less: Dividends on preferred shares 0 0     0 0
Net income (loss) attributable to shareholders 93,788 41,330       99,616
Aerospace Products | Operating Segments | Lease income            
Revenues            
Total revenues 0 0     0 0
Aerospace Products | Operating Segments | Maintenance revenue            
Revenues            
Total revenues 0 0     0 0
Other income (expense)            
Net income (loss) attributable to shareholders         245,096  
Aerospace Products | Operating Segments | Asset sales revenue            
Revenues            
Total revenues 0 0     0 0
Aerospace Products | Operating Segments | Aerospace products revenue            
Revenues            
Total revenues 303,469 118,675     737,726 296,513
Aerospace Products | Operating Segments | Other revenue            
Revenues            
Total revenues $ 0 $ 0     $ 0 $ 0