SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Segment Reporting Information, by Segment

The following tables set forth certain information, which include all significant expenses reviewed by the CODM, for each reportable segment (unaudited):

I. For the Three Months Ended March 31, 2026


	Three Months Ended March 31, 2026
	Aerospace Products		Aviation Leasing		Corporate and Other		Eliminations		Total
Revenues
Aerospace products revenue	$	522,585	$	—	$	—	$	—	$	522,585
MRE Contract revenue	221,230		—		—		—		221,230
Lease income	—		39,892		—		—		39,892
Maintenance revenue	—		30,599		—		—		30,599
Asset sales revenue	—		10,184		—		—		10,184
Other revenue (1)	—		6,207		—		—		6,207
Total revenues	743,815		86,882		—		—		830,697

Expenses
Cost of sales	511,012		13,256		—		—		524,268
Operating expenses	10,839		10,275		43,873		—		64,987
General and administrative	—		—		2,413		—		2,413
Acquisition and transaction expenses	(15)		4,186		12,190		—		16,361
Depreciation and amortization	4,678		46,485		1,126		—		52,289
Total expenses	526,514		74,202		59,602		—		660,318

Other income (expense)
Interest expense	—		—		(61,407)		—		(61,407)
Equity in (losses) earnings of unconsolidated entities (2)	(40)		7,677		—		(10,000)		(2,363)
Gain on sale to the 2025 Partnership	—		15,168		—		—		15,168
Other income	171		47,239		172		—		47,582
Total other income (expense)	131		70,084		(61,235)		(10,000)		(1,020)
Income (loss) before income taxes	217,432		82,764		(120,837)		(10,000)		169,359
Provision for (benefit from) income taxes	33,697		18,326		(20,563)		—		31,460
Net income (loss)	183,735		64,438		(100,274)		(10,000)		137,899
Less: Dividends on preferred shares	—		—		3,709		—		3,709

Net income (loss) attributable to shareholders	$	183,735	$	64,438	$	(103,983)	$	(10,000)	$	134,190

(1)Includes servicing fees of $5,861 for the three months ended March 31, 2026 from the 2025 Partnership.

(2)Includes the profit elimination of $(10,000) for the three months ended March 31, 2026 for sales to the 2025 Partnership within the Aerospace Products segment.

II. For the Three Months Ended March 31, 2025


	Three Months Ended March 31, 2025
	Aerospace Products		Aviation Leasing		Corporate and Other		Eliminations		Total
Revenues
Aerospace products revenue	$	264,425	$	—	$	—	$	—	$	264,425
MRE contract revenue	100,638		—		—		—		100,638
Lease income	—		68,440		—		—		68,440
Maintenance revenue	—		49,607		—		—		49,607
Asset sales revenue	—		18,939		—		—		18,939
Other revenue	—		27		4		—		31
Total revenues	365,063		137,013		4		—		502,080

Expenses
Cost of sales	228,755		19,959		—		—		248,714
Operating expenses	5,687		7,426		19,325		—		32,438
General and administrative	—		—		3,116		—		3,116
Acquisition and transaction expenses	1,132		2,905		3,255		—		7,292


Depreciation and amortization	3,584		55,061		917		—		59,562
Total expenses	239,158		85,351		26,613		—		351,122

Other expense
Interest expense	—		—		(62,040)		—		(62,040)
Equity in earnings (losses) of unconsolidated entities (1)	113		(777)		—		(6,950)		(7,614)
Gain on sale to the 2025 Partnership	—		10,870		—		—		10,870
Other income	—		32,619		452		—		33,071
Total other expense	113		42,712		(61,588)		(6,950)		(25,713)
Income (loss) before income taxes	126,018		94,374		(88,197)		(6,950)		125,245
Provision for (benefit from) income taxes	19,375		17,348		(13,864)		—		22,859
Net income (loss)	106,643		77,026		(74,333)		(6,950)		102,386
Less: Dividends on preferred shares	—		—		6,115		—		6,115
Less: Loss on redemption of preferred shares	—		—		6,327		—		6,327
Net income (loss) attributable to shareholders	$	106,643	$	77,026	$	(86,775)	$	(6,950)	$	89,944

(1)Includes the profit elimination of $(6,950) for the three months ended March 31, 2025 for sales to the 2025 Partnership within the Aerospace Products segment.

Schedule Revenue from External Customers by Geographic Areas

Summary information with respect to the Company’s geographic sources of revenue, based on location of customer and lessee, is as follows:


	Three Months Ended March 31, 2026
	Aerospace Products		Aviation Leasing		Corporate and Other		Total
Revenues
Africa	$	—	$	2,542	$	—	$	2,542
Asia	27,852		19,662		—		47,514
Europe	218,029		30,281		—		248,310
North America	482,997		27,673		—		510,670
South America	14,937		6,724		—		21,661
Total revenues (1)	$	743,815	$	86,882	$	—	$	830,697

(1)The United States, included in North America, Bermuda, included in North America, and Ireland, included in Europe, represent 31%, 24%, and 21% of total revenues, respectively, based on the location of the Company’s customers and lessees. No other country represents more than 10% of total revenues.

Summary information with respect to the Company’s geographic sources of revenue, based on location of customer and lessee, is as follows:


	Three Months Ended March 31, 2025
	Aerospace Products		Aviation Leasing		Corporate and Other		Total
Revenues
Africa	$	9,482	$	2,199	$	—	$	11,681
Asia	42,959		32,141		4		75,104
Europe	96,872		74,044		—		170,916
North America	207,432		18,263		—		225,695
South America	8,318		10,366		—		18,684
Total revenues (1)	$	365,063	$	137,013	$	4	$	502,080

(1)The United States, included in North America, and Ireland, included in Europe, and Bermuda, included in North America, represent 26%, 19% and 11% of total revenues, respectively, based on the location of the Company’s customers and lessees. No other country represents more than 10% of total revenues.

Schedule of Contracted Minimum Future Annual Revenues

Presented below are the contracted minimum future annual revenues to be received under existing operating leases as of March 31, 2026:


	March 31, 2026
Remainder of 2026	$	86,638
2027	94,043
2028	75,910
2029	51,088
2030	38,972
Thereafter	49,452
Total	$	396,103

Schedule of Long-lived Assets by Geographic Areas

The following tables sets forth the geographic location of property, plant and equipment and leasing equipment, net:


	March 31, 2026 (unaudited)		December 31, 2025
Property, plant and equipment and leasing equipment, net
Africa	$	16,067	$	17,174
Asia	264,808		323,542
Europe	436,767		587,359
North America	414,617		480,977
South America	238,670		256,820
Total property, plant and equipment and leasing equipment, net (1)	$	1,370,929	$	1,665,872

(1)The United States, included in North America, and Chile, included in South America, represents 23% and 12% of property, plant and equipment and leasing equipment, net, respectively, as of March 31, 2026. The United States, included in North America, represented 22% of property, plant and equipment and leasing equipment, net as of December 31, 2025, respectively. No other country represents more than 10% of property, plant and equipment and leasing equipment, net.