Aircraft Portfolio (Tables)

12 Months Ended

May 31, 2012

Aircraft Portfolio

Schedule of summarized income statement information of the limited liability companies

	For the Year Ended May 31,
	2012		2011		2010
Sales	$	45,736	$	65,161	$	45,332
Income before provision for income taxes		3,651		7,449		967

Schedule of summarized balance sheet information of the limited liability companies

	May 31,
	2012		2011
Balance sheet information:
Assets	$	169,643	$	219,810
Debt		75,556		127,037
Members' capital		88,794		89,375

Components of investment in wholly-owned aircraft, after consideration of financing

	May 31,
	2012			2011
Gross carrying value	$	25,168		$	44,586
Debt		(8,380	)		(14,072	)
Capital lease obligation		—			(6,716	)
Net AAR investment	$	16,788		$	23,798

Information relating to aircraft type, year of manufacture, lessee, lease expiration date and expected disposition upon lease expiration

Aircraft owned with joint venture partners

Quantity		Aircraft Type	Year Manufactured	Lessee	Lease Expiration Date (FY)	Post-Lease Disposition
	2	767-300	1991	United Airlines	2016 and 2017	Re-lease
	16	737-400	Various1	Malaysia Airlines	Various2	Sale/Re-lease
	18

¹

Five aircraft in 1992; eight aircraft in 1993; two aircraft 1994; and one aircraft in 1997

²

Twelve aircraft in 2013 and four aircraft in 2014. The joint venture partners entered into LOIs for sale of four aircraft and an additional four are expected to go under LOI in fiscal 2013.

Wholly-owned aircraft

Quantity		Aircraft Type	Year Manufactured	Lessee	Lease Expiration Date (FY)		Post-Lease Disposition
	1	737-300	1997	Small Planet Airlines		2015	Re-lease
	1	A320	1997	Dombassaero Airlines		2017	Re-lease
	2